Japanese stocks open strongly after a three-day weekend, SoftBank up more than 6%, Kioxia nearly 4% higher; South Korean market closed

Japanese stocks opened strongly after a three-day weekend, with SoftBank Group up more than 6% and Kioxia up just under 4%. The South Korean market was closed. Reports also emerged that SBエナジー was postponing its IPO.

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The story

After resuming trading following a three-day weekend, Japan's stock market saw the Nikkei 225 trade firmly, widening its gains after the opening to stand 1.25% higher.

Technology stocks were bought in the morning session, with SoftBank Group rising more than 6% and Kioxia gaining about 4%.

SBエナジー, a SoftBank Group subsidiary, was reported to be considering postponing its IPO due to insufficient demand within the valuation range.

Meanwhile, US stocks fell across the board in the previous session, while the Japanese market moved independently.

The South Korean market was closed.

At a glance

Date24 September, trading resumes after the market holiday

Market move 1The Nikkei 225 resumed 1.25% higher, although some reports put the gain at 0.6% over the period

Stock 1SoftBank Group rose more than 6%, leading the advance

Stock 2Kioxia rose about 4%, extending its gains to that level

Market move 2Reports said that SBエナジー was postponing its IPO

Market conditionsSouth Korea's market was closed for a public holiday

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