At the Tokyo Stock Exchange afternoon session open, the Nikkei Average rose approximately ¥900 from the previous day to the ¥61,300 level. SoftBank Group turned higher in the afternoon session after moving from a buy indication, while Advantest, Tokyo Electron and Kioxia also made significant contributions. Market topics, including AI-related IPO developments, featured in the session.
The Nikkei Average rose rapidly by approximately ¥900 from the previous day at the afternoon open, at one point reaching the ¥61,300 level. SoftBank Group recovered from its morning low and turned higher in the afternoon session after opening with a buy indication. Advantest, Tokyo Electron and Kioxia also extended their gains, contributing to the Nikkei Average's rise.
The Financial Times reported that the underwriting banks for an artificial intelligence (AI)-related initial public offering (IPO) were considering raising the indicative price range from the current $70–$78. The move was seen as reflecting strong demand for the IPO, and some said expectations of a postponement of the listing were easing.
After the morning close, basket transactions, in which multiple stocks are traded together mainly by large investors in off-auction transactions on the Tokyo Stock Exchange, totalled approximately ¥75.5 billion. As of 12:45 p.m., trading value on the TSE Prime Market was approximately ¥4.6865 trillion, and trading volume was 1.37783 billion shares.
Ibiden, TDK, Lasertec and Kyocera were among the stocks that led the Nikkei Average higher, while Konami Group, BayCurrent, Suzuki and Honda declined.