In morning trading on the Tokyo Stock Exchange, the Nikkei average extended its gains, reaching a high of ¥68,799.71 around the middle of the first session and trading at ¥68,609.92 toward the close. TOPIX hit a record high, while individual stocks were active, with TOPPAN Holdings reaching its daily limit high and Bengo4.com rising sharply.
The Nikkei average rose ¥1,085.86 from the previous day in morning trading in Tokyo, ending the session at ¥68,609.92. Semiconductor-related stocks rose on the back of gains in U.S. semiconductor stocks through the previous day, and the Nikkei average returned to the ¥68,000 range for the first time in about a month. TOPIX also reached a record high.
Moves in AI and semiconductor stocks, which have a significant impact on the index, pushed up the market, while buying across the market continued amid gains in U.S. technology stocks and South Korean equities. With earnings announcements for the April-June quarter entering their final stages, stocks with strong results continued to attract buying.
TOPIX remained firm in morning trading, with trading value on the TSE Prime Market totaling approximately ¥4.8467 trillion. Advancers outnumbered decliners. Among individual stocks, TOPPAN Holdings reaching its daily limit high and Bengo4.com rising sharply were notable.
Market participants said semiconductor-related stocks, which had been sold since late June, could rebound, while attention is expected to turn to developments in monetary policy in Japan and the United States.