The Nikkei Stock Average was up around ¥470 at one point in the afternoon but subsequently struggled to extend gains, as investors increasingly stayed on the sidelines ahead of the release of the US consumer price index (CPI). The afternoon session opened in positive territory, but buying was limited.
The Nikkei Stock Average reached 67,439.67 in the afternoon, up ¥469.45 from the previous day, but subsequently pared its gains.
Ahead of the release of the US CPI, market participants adopted a more cautious stance, and some observers said the rise in AI and semiconductor stocks had not been supported by fundamentals.
The afternoon session opened at 67,225.55, up ¥255.33 from the previous day, while the TOPIX remained in positive territory throughout the day. As of the morning close, the Nikkei was trading at 67,040.18, up ¥69.96 from the previous trading day.
Among individual stocks during the day, 52% rose and 45% fell. Trading volume was approximately 1.18884 billion shares, and turnover was approximately ¥4.5734 trillion.