The Nikkei Average rose for the third straight day, trading at ¥70,474.96. Buying related to Kioxia spread to some semiconductor-related stocks, with several hitting their daily price limits.
In the overview of the Japanese stock market on 1 July, the Nikkei Average rose for the third consecutive day and remained broadly firm throughout the session. It ultimately stood at ¥70,474.96. This helped sustain the market-wide buying sentiment.
Among semiconductor-related stocks, some saw buying prompted by associations with Kioxia and hit their daily price limits at times. Movements in individual stocks helped drive the broader market.