The Nikkei Stock Average at the morning close on the 1st surged 2,064.61 yen to 53,128.33 yen, marking a sharp rebound from the previous trading day. The approximate trading volume on the Prime Market in the morning session was 1,091.53 million shares, with trading value of approximately \3,372.9 billion. The number of advancing issues stood at 1,504, while declining issues totaled 50, with 18 issues unchanged.

The Tokyo stock market in the morning session saw a rapid unwinding of risk-off sentiment. As speculation spread that the U.S. would end its military strikes on Iran at an early stage, buying momentum from the previous day's U.S. stock market, centered on technology sectors including semiconductor-related stocks, spilled over. The Nikkei Average rapidly climbed led by futures trading, rising more than 2,000 yen to close the morning session in the 53,000 yen range. Advancing issues exceeded 1,500, accounting for 95% of all Prime Market stocks. However, trading value remained modest, standing at around \3.3 trillion at the morning close.

Individual stocks saw Kioxia Holdings <285A> sharply higher, while Furukawa Electric Co., Ltd. <5801> also surged on heavy trading volume. Semiconductor manufacturing equipment-related stocks including ADVANTEST CORPORATION <6857> and Tokyo Electron Limited <8035> also jumped. Megabanks such as Sumitomo Mitsui Financial Group, Inc. <8316> were bought, and Mitsubishi Heavy Industries,Ltd. <7011> also rose significantly. Japan Display Inc. <6740> was among the top gainers. On the other hand, Mitsui O.S.K. Lines was weak, and KDDI CORPORATION <9433> also came under selling pressure. TAIYO HOLDINGS CO.,LTD. <4626> plunged, KOBE BUSSAN CO.,LTD. <3038> also fell sharply, and Rasa Industries,Ltd. <4022> saw heavy profit-taking.

Source: MINKABU PRESS