The Nikkei Stock Average surged in the morning session on the 8th, ending at 56,078.83, a gain of 2,649.27 yen from the previous close. Prime Market volume reached approximately 1.35 billion shares, with turnover totaling around \4.95 trillion. Advancers overwhelmed decliners 1,416 to 130, with 29 issues remaining unchanged.

Tokyo stocks pivoted sharply toward a risk-on stance, as the Nikkei posted record gains driven by futures-led short-covering. The index rallied nearly 2,900 yen at its peak before settling more than 2,600 yen higher by the midday break. The rally was underpinned by news that the U.S. and Iran agreed to a two-week extension for ceasefire negotiations. Optimism regarding further progress in ending military hostilities spurred a robust influx of capital, lifting approximately 90% of Prime Market issues.

Among individual stocks, Kioxia Holdings <285A>, which led in trading value, saw substantial gains. Furukawa Electric <5801> topped the gainers by percentage, while semiconductor equipment heavyweights such as Lasertec <6920>, Advantest <6857>, and Disco <6146> all surged. JX Advanced Metals <5016> and Mitsui Kinzoku <5706> also drew buying interest, alongside a significant rise in Fast Retailing <9983>. Titanium players including Toho Titanium <5727> and Osaka Titanium Technologies <5726> jumped sharply, as did Nitto Boseki <3110>. Conversely, Shin-Etsu Chemical <4063> traded softly, and Inpex <1605> plunged. Shipping majors Mitsui O.S.K. Lines <9104> and Nippon Yusen <9101> faced selling pressure, while Idemitsu Kosan <5019> declined sharply. Nippon Coke & Engineering <3315> and Sakata Seed <1377> also posted marked losses.

Source: MINKABU PRESS