The Nikkei 225 rebounded from the previous day but lost momentum from mid-session ahead of the US Federal Reserve chair's speech at the Jackson Hole symposium, ending with a modest recovery in the afternoon session.
In Tokyo trading, the Nikkei 225 closed at ¥66,405.56, up ¥273.58 from the previous day. The Nikkei 225 opened with a temporary push higher, but sentiment spread that investors wanted to assess the Fed chair's speech, and trading remained subdued from mid-session onward. Trading across the market was sluggish.
The Topix closed at 4,146.71 points, up 29.49 points from the previous day, while trading value on the Prime Market was approximately ¥8.1223 trillion. Among individual stocks, Advantest and Taiyo Yuden were relatively firm, while SoftBank Group edged lower and Kioxia Holdings fell sharply.
Some semiconductor-related stocks were bought on the strength of Nvidia's bullish revenue outlook. The growth market was firm, with the Tokyo Stock Exchange Growth Market extending its gains. Market participants had expected both Japanese and US investors to remain wary of interest-rate hikes while seeking direction.
Across the market, price movements were limited after the initial buying subsided. With fewer participants ahead of the weekend, a modest recovery was seen toward the close.