At the opening of the Tokyo market on the 12th, the Nikkei continued to rise. Square Enix Holdings' April-June operating profit rose sharply year on year, widening the market's gains. Electric wire stocks fell sharply as a reaction to their recent advance.
At the opening of the Tokyo Stock Exchange on the 12th, the Nikkei Stock Average stood at ¥66,994.05. Buying led by semiconductor-related stocks prevailed after the market reopened following the previous day's holiday. Despite the downward trend in US markets, the yen's weakening supported export-related stocks, while mining, oil and coal products, and banking posted the biggest gains.
Among individual stocks, Square Enix Holdings broke higher after reporting an 89% increase in April-June operating profit, while Seikoh Giken attracted buying indications after raising its full-year operating profit forecast and announcing a dividend increase. Electric wire stocks, including Furukawa Electric, Fujikura and Sumitomo Electric Industries, fell sharply as a reaction to their recent gains.
Top news included QD Laser's 1Q operating loss of ¥50 million and Rakuten Group's first-half profit of ¥50.44 billion, which fell short of market consensus. Sanrio's 1Q operating profit rose 11% and was strong, but still fell short of consensus, prompting selling in the stock.
Many stocks continued to show special bid indications, with buying prevailing in names such as Minato Holdings, while Sanrio's special sell indication was lowered.