Tokyo stocks pared their gains at the afternoon open. Profit-taking emerged in some semiconductor-related names, narrowing the Nikkei 225's gain from the previous day.
The Nikkei 225 opened in afternoon trading at ¥61,576.67, up ¥757.31 from the previous day. Profit-taking selling emerged in some semiconductor-related names, narrowing the gain from the morning close.
At the morning close, the Nikkei 225 had rebounded to ¥61,816.72, up ¥997.36 from the previous day. The TOPIX was at 3967.54, up 30.21 points. 68% of stocks rose and 28% fell. Trading volume was 1.07814 billion shares, and trading value was ¥3.8653 trillion.
At the open, the Nikkei 225 had rebounded to ¥61,223.41, up ¥404.05 from the previous day, with buying focused on semiconductor-related stocks. Market participants said Advantest lifted the Nikkei 225 by approximately ¥300.
Market participants expected the flow of bargain-hunting purchases following the sharp decline the previous week to continue across a wide range of industries, including technology.