In the Tokyo stock market on the morning of the 28th, the Nikkei Average extended its gains, trading around ¥64,067.10, up approximately ¥798 from the previous day. Buying spread on higher US and South Korean semiconductor stocks, temporarily pushing the gain to nearly ¥1,000.
In the TSE Prime Market on the morning of the 28th, the Nikkei Average closed trading at ¥64,067.10, up ¥798.73 from the previous day. Buying spread, led by semiconductor stocks, with Advantest, Tokyo Electron, and SoftBank Group among those purchased.
Following gains in Broadcom, a semiconductor stock, in the US stock market on the 27th, reports that US financial institutions had presented a framework for providing funds related to AI strengthened risk appetite among overseas short-term investors. This supported the rise in the Nikkei Average.
While the Nikkei's gain at one point approached ¥1,000, the Tokyo Stock Price Index (TOPIX) edged lower. TOPIX was down 0.02% at midday at 3,996.53, with selling in financial stocks weighing on the index.
As of midday, turnover on the TSE Prime Market was approximately ¥3.8287 trillion and trading volume was approximately 1.04216 billion shares. Advancers accounted for approximately 30% of all listed issues.