The Tokyo stock market rebounded in the morning session. Buying back semiconductor-related stocks supported the market, keeping the Nikkei Average higher.
The Nikkei Average’s morning close was ¥68,193.13, up ¥415.61 from the previous day, marking a rebound. The TOPIX stood at 4,108.80, in negative territory, while volume was 914.77 million shares and trading value was ¥3.3055 trillion. Advancers accounted for 39% of stocks and decliners for 58%. By sector, chemicals, nonferrous metals and electrical equipment rose, while banks, air transport, securities and commodity futures trading fell.
As of 10 a.m., the Nikkei Average remained high, and the impact of the previous day’s decline in the US market appeared limited. Buying back semiconductor-related stocks supported the market, while 6 in 10 Prime stocks continued to decline. The market opened up ¥164, led by buying in semiconductor-related stocks.
(End) In the morning session, buying back semiconductor-related stocks pushed the market higher overall, while Prime stocks continued to show a generally softer trend.