In a Japanese stock market that extended its winning streak to 4 sessions, the Nikkei was up ¥495 at ¥65,513.99. With the US-China summit approaching, a wait-and-see stance gradually strengthened in the afternoon.
The Nikkei 225 rose ¥495.04 from the previous day to ¥65,513.99 in the afternoon session on the 24th. Although it briefly recovered the ¥66,000 level during trading, morning momentum generally faded and a wait-and-see mood spread. Trading volume on the TSE Prime Market was approximately 2.49306 billion shares, with trading value of approximately ¥9.2038 trillion. There were 674 advancers and 838 decliners, leaving more declining shares than advancing shares.
By stock, AI- and semiconductor-related shares, including Advantest, Tokyo Electron and SoftBank Group, attracted buying, but were subsequently pressured by selling into the rebound. By sector, precision instruments and electrical equipment shares remained firm, while rubber products, glass and ceramics, machinery and fabricated metal products shares also reached highs. By contrast, services and electric power and gas shares declined.
Overall, the market was affected both by the reaction following its reopening after the Silver Week holiday and by caution ahead of the US-China summit. After the initial buying ran its course, selling outweighed buying at times. The large gap between advancing and declining shares left the broader market lacking a clear direction, although several stocks posted sharp gains.