The Nikkei average opened the afternoon session at ¥65,928.98, up ¥602.56 from the previous day. It opened with gains slightly narrower than at the morning close, while Nikkei 225 futures traded within a range during the lunch break.
The Nikkei average opened the afternoon session at ¥65,928.98, up ¥602.56 from the previous day. Although upside momentum was somewhat weaker than at the morning close, stocks remained above the morning closing level as the dollar-yen exchange rate traded in the mid-¥158 range during the day. In Asian markets, the Shanghai Composite edged higher, while gains in Hong Kong's Hang Seng Index slowed.
By sector, transportation equipment, electric power and gas, and pharmaceuticals posted the largest gains. Banks, steel and insurance, meanwhile, recorded the steepest declines, resulting in mixed performance across the broader market. Several stocks ranked among the top issues by trading value on the TSE Prime Market, continuing to drive market activity.
Stocks that rose included Sumitomo Metal Mining, Nissan Motor, Daiichi Sankyo, Sanrio, Honda, Tokyo Electric Power Company Holdings, Kioxia Holdings, NEC, Toyota and Nintendo, with buying generally leading across the group. Ibiden, SUMCO, Nippon Steel, Nihon Micronics, Tokyo Electron, Taiyo Yuden, SCREEN Holdings, Murata Manufacturing, Lasertec and Resonac, meanwhile, declined.