The Nikkei extended its gains for a fourth straight day in the morning session on the 12th, briefly falling into negative territory after Nvidia plunged before recovering on buybacks.
The Nikkei Stock Average extended its gains for a fourth straight day shortly after 10 a.m. on the 12th. It was trading at ¥61,438.22, up ¥189.63 from the previous day, while the TOPIX was also higher for a fourth consecutive day. The market rose from the opening bell, following gains in technology stocks in the US market, and at 9:06 a.m. the Nikkei had widened its gain to ¥61,680.19.
The index later turned lower temporarily as Nvidia shares plunged in after-hours trading while investors assessed trading trends in US AI and semiconductor-related stocks. It subsequently recovered as buying returned to Tokyo Electron and SoftBank Group.
Across the market, 27 sectors rose. Construction, metal products, real estate and chemicals were firm, while services declined. In foreign exchange trading, the dollar was trading in the ¥159.60 range, with the yen moving slightly higher.
Among individual stocks, Teika, Daiwabo Holdings, Resonac, ITM and DOWA were among the gainers, while Lawyercom, Dexerials, Rakuten Bank and Matsuda Sangyo were among the decliners.