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Tokyo Morning: Nikkei Edges Higher as Short-Covering Offsets Trump’s Iran Ultimatum

Mon Apr 6, 2026 11:49 am JST Market

The Nikkei 225 ended the morning session on the 6th at 54,001.64, climbing 878.15 yen from the previous close to extend its winning streak. Trading volume on the Prime Market reached approximately 795.26 million shares, with turnover hitting 2.59 trillion yen. Advancers overwhelmed decliners 1,278 to 255, with 43 issues unchanged.

The Tokyo market saw the benchmark index reclaim the key 54,000 level, closing near the session high. Despite a dearth of fresh leads following Good Friday closures in major Western markets, short-covering dominated the morning. While Middle East tensions remain a headwind?highlighted by President Trump’s renewed deadline regarding potential military action against Iran?speculation over a potential breakthrough in reopening the Strait of Hormuz prompted short-sellers to unwind positions. Buying was particularly robust in the semiconductor sector, lifting the broader average. Over 80% of stocks on the Prime Market rose, though overall turnover remained relatively thin at around 2.5 trillion yen.

Among individual stocks, Furukawa Electric <5801> surged on heavy volume, while Lasertec <6920> also posted sharp gains. Other semiconductor-related names like Advantest <6857> and Disco <6146> rallied across the board. Ibiden <4062> attracted buying interest, while Sakura Internet <3778> remained limit-up for the second consecutive day. Lifedrink <2585> and Nippon Thompson <6480> also saw significant upside. On the flip side, Mitsubishi Heavy Industries <7011> and Inpex <1605> were weak, and Toyo Engineering <6330> struggled. Asteria <3853> dropped sharply.

Source: MINKABU PRESS

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