In the Tokyo stock market on the morning of the 28th, the Nikkei Average remained around ¥550, or approximately 550 points, above the previous day's level, as investors sought lagging stocks, particularly SaaS-related names. Trading value was subdued, and a wait-and-see mood persisted ahead of the FRB chair's speech.
In the Tokyo stock market on the morning of the 28th, the Nikkei Average traded around ¥550 above the previous day's level and turned higher after opening. Domestic software-related stocks were bought as major shares rose in the U.S. stock market.
Trading was thin, however, and trading value remained subdued. Market participants adopted a more cautious, wait-and-see stance ahead of a Wall Street event on the night of the 28th.
In terms of stock selection, some lagging names, particularly SaaS stocks, were bought during thin trading.