The Nikkei Average closed at ¥66,262, approximately ¥405 higher than the previous day, extending its gains. With U.S. chipmaker Nvidia scheduled to report earnings tomorrow, semiconductor-related stocks are expected to remain in focus.
The Tokyo market opened with the Nikkei Average down ¥251, but buying emerged toward the end of the session, and it ultimately closed at ¥66,262, up ¥405 from the previous day. The TOPIX also extended its winning streak to 5 sessions, closing at 4,111 points.
Among individual stocks, Bandai Namco Holdings rose 1.5% to ¥5,658, SoftBank Group gained 1.5% to ¥5,163, and Tokio Marine Holdings climbed 3.0% to ¥7,629. Tokio Marine announced a 15-for-1 stock split, attracting investor interest. Terra Drone hit its daily price limit after passing a demonstration test in the defense sector, rising to ¥17,050.
With U.S. chipmaker Nvidia scheduled to announce its earnings tomorrow, attention is expected to focus on the response from domestic semiconductor-related stocks, as well as movements in long-term interest rates and USD/JPY driven by the U.S. PCE price index and revised GDP data.