The Nikkei Stock Average extended its gains after the morning session opened, briefly rising into the ¥67,000 range. Buying of U.S. technology stocks against a backdrop of higher U.S. stocks lifted AI and semiconductor-related stocks, pushing up the Nikkei Average.
In the Tokyo stock market on the morning of the 28th, the Nikkei Stock Average opened higher for a second consecutive session, briefly rising approximately ¥600 from the previous weekend's close and moving into the ¥67,000 range. As technology stocks gained ground following the rise in U.S. stocks, buying of AI and semiconductor-related stocks supported the Nikkei Average.
In the U.S. market on the 25th, the Dow Jones Industrial Average rose for the first time in 4 sessions, while the Nasdaq Composite Index also advanced. Microsoft's revamp of its AI assistance features helped drive the market, and the Philadelphia Semiconductor Index also finished higher. In the Tokyo market, buying of AI and semiconductor-related stocks has spread, led by Advantest and SBG.
The 28th coincides with the final trading day with rights for the interim dividend, making it a day when individual investors are more likely to buy stocks with high dividend yields. The Tokyo Stock Price Index, or TOPIX, is extending its gains.
Among individual stocks, Tokyo Electron, TDK and SCREEN Holdings were reported higher, while Recruit Holdings and Murata Manufacturing rose. Fast Retailing and Ibiden, meanwhile, are lower.