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Tokyo Stocks (Morning Session) - Extend Gains, Rebound After Early Weakness Led by Nikkei 225 Futures
The Nikkei 225 Stock Average rose 304.39 yen to end the morning session at 59,653.56 on April 22, extending gains. Morning volume on the Prime Market was approximately 1,012,390,000 shares, with a turnover of approximately 4.008 trillion yen. Advancing issues totaled 263, while 1,270 issues declined and 41 remained unchanged.
Tokyo stocks opened lower on profit-taking following losses in European and US markets. However, the index showed resilience and soon turned positive. Buying in major semiconductor names pushed the Nikkei into the upper 59,000 yen range, surpassing the record high of 59,518 yen set last week. Despite Middle East tensions, institutional arbitrage buying through futures provided upward momentum. While the Nikkei gained, decliners accounted for 80% of the Prime Market, and the TOPIX continued to slide.
Among individual stocks, Kioxia Holdings <285A> extended significant gains, while SoftBank Group Corp. <9984> attracted concentrated buying. ADVANTEST CORPORATION <6857> and IBIDEN CO.,LTD. <4062> also drew interest. Resonac Holdings Corporation <4004> posted substantial gains. OBIC Co.,Ltd. <4684> surged, and MUSASHI SEIMITSU INDUSTRY CO.,LTD. <7220> jumped. Conversely, Furukawa Electric Co., Ltd. <5801> faced selling pressure, while Tokyo Electron Limited <8035> and FAST RETAILING CO., LTD. <9983> lacked momentum. TOYOTA MOTOR CORPORATION <7203> struggled to find a floor. Nojima Corporation <7419> fell sharply, while SAKURA internet Inc. <3778> and Sanrio Company, Ltd. <8136> also ended lower.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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