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Tokyo stocks rebound sharply as Nikkei approaches 58,000 level
The Nikkei 225 at the morning close on April 14 jumped 1,346.25 yen from the previous trading day to 57,849.02 yen, marking a sharp rebound. Trading volume on the Prime Market during the morning session was 979.23 million shares, with turnover reaching 4,282.9 billion yen. Advancers outpaced decliners 954 to 557, with 65 issues unchanged.
Risk appetite strengthened across major large-cap stocks in the Tokyo morning session, with the Nikkei recovering more than three times its previous day's decline. Following aggressive flows into U.S. AI and semiconductor stocks?where the Philadelphia Semiconductor Index (SOX) continued to hit record highs?Japanese semiconductor stocks gained. Supported by futures buying from overseas funds, the Nikkei rose nearly 1,500 yen toward the end of the session, coming within 20 yen of the 58,000 mark.
In individual stocks, Kioxia Holdings <285A> recorded massive turnover exceeding 800 billion yen and continued to trade near record highs. SoftBank Group <9984>, Furukawa Electric <5801>, and Advantest <6857>, which were among the top stocks by trading value, also surged. Mitsui Mining & Smelting <5706> and Nitto Boseki <3110> attracted notable buying. Curves Holdings <7085> jumped, while Meiko Electronics <6787> also posted significant gains. Conversely, Fast Retailing <9983> faced selling pressure, and Inpex <1605> eased. Mitsubishi <8058> was lackluster. Media Do <3678> plunged, while Katitas <8919> and Star Mica Holdings <2975> also declined.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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