The Nikkei Average was up approximately ¥250 in morning trading on the 9th, with Furukawa Electric, Fujikura and Tokai Carbon among the top gainers among constituent stocks. The dollar was in the upper ¥153 range, while morning-session trading shifted toward buying on dips.
The Nikkei Average was trading more than ¥250 above the previous day’s level shortly after 11 a.m. on the 9th, as buying on dips outweighed the early selling. The morning session high reached ¥65,794.03 intraday, while the dollar-yen pair was trading in the mid-¥153 range.
Among Nikkei constituent stocks, Furukawa Electric, Fujikura, Tokai Carbon, Sumitomo Electric Industries and Mitsui Mining & Smelting ranked among the top gainers. Meanwhile, Kyowa Kirin, Sumitomo Pharma, Nikon, Nintendo and DeNA were among the top decliners.
The buying in SoftBank Group is cited as one factor supporting stock movements, while there is also speculation that overseas market trends and gains in South Korea’s KOSPI are having an impact. In the foreign exchange market, the dollar-yen pair has traded intermittently in the mid-¥153 range.
The source identified for today’s information is Wealth Advisor. Related news also includes reports on a major general contractor’s plans to commercialize geothermal power generation, as well as developments in U.S. stock market information.