The Nikkei recovered to the ¥69,000 range again late in the session on 5 October, closing at ¥69,946.86. Semiconductor stocks updating their all-time highs drove the index higher.
On 5 October, the Nikkei was supported by buying centered on AI and semiconductor stocks in a risk-on mood after the U.S. employment report released the previous weekend reduced expectations for an additional U.S. rate hike.
The Nikkei briefly rose above the ¥70,000 mark in the morning, but gains stalled toward the close at times. It ultimately ended trading at ¥69,946.86, up ¥1,637.40 from the previous day. Advantest and Tokyo Electron were among the leading contributors.
Trading volume on the TSE Prime Market was 2.258 billion shares, and trading value was ¥7.7509 trillion, both down from the previous day. By industry, electrical equipment and chemicals rose, while electric power and gas, and marine transportation, declined.
Among individual stocks, Daiichi Kigenso Kagaku-Kogyo, HIOKI and Renesas Electronics were among the top gainers, followed by Advance Create, Infroneer Holdings and Shionogi & Co. among the biggest decliners.
The number of stocks updating their year-to-date highs was 29, while 63 stocks updated their year-to-date lows.