Fashion and beauty-related stocks rose broadly in the Tokyo market on 5 November following developments after the U.S. midterm elections, and the constituent stocks of the SVT Index attracted heavy buying.
Fashion and beauty-related stocks rose broadly in the Tokyo market against the backdrop of developments following the U.S. midterm elections. The SVT Index's market capitalisation reached approximately ¥49.4142 trillion at the morning close, an increase of approximately ¥3.1833 trillion from the previous day.
Fast Retailing and Goldwin led the gains, each rising in the 8% range, while Yonex and Shiseido rose in the 7% range. ABC-Mart and TOKYO BASE also rose sharply in the 7% range. Mizuno and ASICS rose in the 5–6% range.
Among fashion stocks, TOKYO BASE, Wacoal Holdings and ZOZO also rose in the 5% range. Among beauty stocks, Shiseido rose in the 7% range, iStyle in the 5% range and Ryohin Keikaku in the 6% range. Department store stocks also rebounded from the previous day, including J. Front Retailing, Takashimaya and Mitsukoshi Isetan Holdings.
During the morning session on 5 November, gains were notable not only among large-cap stocks but also in sports-related names, with buying spreading across multiple categories, including Fast Retailing. Attention is also turning to market developments during the afternoon session and beyond.