Sumitomo Electric Industries shares rose further on the 24th in the Tokyo stock market. Developments surrounding the company's participation in submarine cable projects drew investor attention.
In the Tokyo stock market on the 24th, the Nikkei 225 rose for a fourth consecutive day, closing at ¥65,513.99, up 0.76% from the previous day. Buying spread to related stocks after AI- and semiconductor-related shares strengthened in the U.S. market.
Against this backdrop, Sumitomo Electric Industries shares were reported to have risen further, while developments surrounding participation in submarine cable projects heightened investor interest.
The Nikkei's gain exceeded 66,000 at one point, while individual stocks also became more active amid overseas interest-rate trends and domestic market factors, according to some reports.