The Nikkei 225 extended its gains in afternoon trading, at one point rising more than ¥300. Futures buying, believed to have come from overseas speculative investors during the lunch break, drove gains in cash equities. The index traded in the low ¥63,700s.
The Nikkei 225 resumed its advance at the start of afternoon trading on the 16th and is trading about ¥250 above the previous day’s close. The move is believed to reflect stronger futures buying during the lunch break, which drove gains in cash equities. The index remains in the low ¥63,700s.
In Asian markets, the Korea Composite Stock Price Index (KOSPI) is up about 1%, indicating a modest recovery in investors’ risk appetite. Market conditions are conducive to a rebound following the sharp declines through the previous day.
Among individual stocks, semiconductor-related names are firm, with Advantest and Tokyo Electron rising. SoftBank Group (SBG) and Kioxia Holdings, however, are trading weakly, showing differences in performance across individual stocks.
In off-auction trading on the TSE after the morning close, basket trades by large domestic and overseas investors worth about ¥56.4 billion were executed. As of 12:45 p.m., trading value on the TSE Prime Market was about ¥3.7373 trillion, with trading volume at 931.51 million shares.