In Japan's domestic stock market on 7 October, the Nikkei 225 rebounded from the previous day to close at ¥70,035.71. Stocks that raised their dividends and reported strong earnings were re-rated by the market.
The Nikkei 225 fell sharply from the previous day on 7 October before rebounding to finish trading. It closed at ¥70,035.71, down ¥648.27 from the previous day. Profit-taking selling was dominant, particularly among AI and semiconductor-related stocks, against a backdrop of a sense of achievement after the previous day's gains and market overheating.
Trading volume on the TSE Prime Market increased from the previous day, while trading value was ¥7,671.341 billion. By industry, electricity and gas, rubber products, information and communications, foods, and real estate rose, while banks, non-ferrous metals, securities, iron and steel, and mining declined. Among individual stocks, Kasumigaseki Capital, Nippon Micronics, and FreeBit strengthened their gains, while ACCESS, Disco, and Shuppin declined. Stocks that set year-to-date highs and stocks that set year-to-date lows were also reported.
The article states that, against a backdrop of a sharp rebound after the previous day's profit-taking selling had run its course, it covered a stock that raised its dividend substantially from ¥165 to ¥200 and stocks that were re-rated on strong earnings. The specific stock names are not given in the article, but the dividend increases and strong earnings are cited as factors that influenced market valuations.