The morning Nikkei average continues to rise significantly, with high-tech futures leading to an upward trend

The morning Nikkei average continues to rise significantly, with high-tech futures leading to an upward trend | Reuters

TOKYO (Reuters) – On the Tokyo stock market, the Nikkei Stock Average continued to rise significantly to 38,329.39 yen, up 777.23 yen from the previous business day. Domestic semiconductor-related stocks and high-tech stocks rose in response to the rise in high-tech stocks in the U.S. market the previous day, contributing to the rise in the index. The rally gained momentum led by futures.

The Nikkei average increased by 319 yen, but continued to rise. After recovering to the milestone of 38,000 yen for the first time in four business days, the price gained momentum and rose by 799 yen to 38,351 yen.44.

In the market, one commenter was quoted as saying, “A rise or fall of around 2% is not uncommon, and is probably within the range of an autonomous rebound.” (Masayuki Otani, head of research and information department at Securities Japan). Tokyo Electron (8035.T) New Tab opens new taband SoftBank Group (9984.T) New Tab opens new tabSemiconductor-related stocks and high-tech stocks were generally strong.

The Philadelphia Semiconductor Index (SOX) rose the day before, and Tesla (TSLA.O) announced its financial results. New Tab opens new taband Texas Instruments (TXN.O) New Tab opens new tabThe stock price rose after hours, giving investors a sense of security. As the yen continued to weaken, export-related stocks also performed well.

TOPIX closed the morning session at 2,702.68 points, up 1.37%. The trading value on the TSE prime market was 2,285,684 million yen. Of the 33 industries on the TSE, 22 industries saw price increases, including precision equipment, electrical equipment, and machinery, while prices decreased in 11 industries, including electricity/gas, air transportation, and land transportation.

Advantest (6857.T) New Tab opens new tabYaHOYA(7741.T) New Tab opens new tabis solid. Toyota Motor Corporation (7203.T) New Tab opens new tabwas solid. On the other hand, Nidek (6594.T) announced its financial results the day before. New Tab opens new tabis soft. Astellas Pharma (4503.T) New Tab opens new tabwas weak.

Regarding the number of rises and falls in the TSE prime market, 1,125 issues rose (68%), 467 issues fell (28%), and 60 issues remained unchanged (3%).

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The article is in Japanese

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