Defense-related stocks were bought in the Tokyo stock market on the 17th, with gains in issues including Mitsubishi Heavy Industries standing out. Expectations that reports concerning industrial financing had encouraged investors to seek out related stocks became widespread.
The Nikkei Stock Average extended its gains in the Tokyo stock market on the 17th, closing ¥213.25 higher than the previous day at ¥64,136.25. Buying of value stocks and lagging issues pushed up the market, despite selling in AI- and semiconductor-related stocks.
Movements in defense-related stocks were a focus of the market, and defense-related stocks including Mitsubishi Heavy Industries showed strong performance. Market participants are believed to have increased their buying of related issues in response to reports concerning industrial financing.
Other factors behind the Nikkei's rise that day included long-term capital market trends and developments in other sectors, with buying spreading to stocks viewed as undervalued overall.