The Nikkei Average rose again in the afternoon session on the Tokyo Stock Exchange. Some AI and semiconductor stocks strengthened, with Tokyo Electron and Advantest hitting highs. Korean semiconductor-related stocks rose more than 2%, while basket trades worth approximately ¥8 billion were executed after the morning close.
The Nikkei Average was up approximately ¥230 from the previous weekend close in afternoon trading, at one point rising more than ¥300 during the session. AI-related and semiconductor stocks supported the market, with stocks making significant contributions to the index extending their gains.
Tokyo Electron and Advantest at times updated their intraday highs in the afternoon, while South Korean stocks, which have a high weighting of semiconductor stocks, rose more than 2%, indicating an improvement in investor sentiment.
After the morning close, basket trades in multiple issues by large domestic and overseas investors worth approximately ¥8 billion were executed off-auction on the TSE.
As of 12:45 p.m., estimated trading value on the TSE Prime Market was ¥4.2365 trillion, and trading volume was 1.16006 billion shares.
Among Japanese companies, Sumitomo Pharma, NGK and Lasertec rose, while Japan Airlines, Mercari and Keyence traded lower.