The Nikkei Stock Average at the morning close on the 24th stood at 59,343.40 yen, up 203.17 yen from the previous day. Trading volume on the Prime Market in the morning session was approximately 1,094.90 million shares, with a trading value of approximately 3,808 billion yen. The number of advancing issues was 470, declining issues totaled 1,038, and 64 issues were unchanged.

The Nikkei Stock Average rebounded. In the U.S. stock market on the previous day, the Dow Jones Industrial Average and the Nasdaq Composite declined. However, the Philadelphia Semiconductor Index (SOX) extended its winning streak to 17 consecutive sessions, leading the Tokyo market to rise, centered on semiconductor-related and other high-tech stocks. The sharp rise in Intel shares in after-hours trading, following its earnings announcement in the U.S. on the 23rd, was also well-received. The Nikkei Stock Average rose more than 500 yen at one point. However, advancing issues on the TSE Prime Market remained at around 30% of the total, and gains stalled after initial buying ran its course. The TOPIX edged slightly lower.

Among individual stocks, SoftBank Group Corp. <9984>, Lasertec corporation <6920>, and ADVANTEST CORPORATION <6857> rose, while Fujikura Ltd. <5803> and Furukawa Electric Co., Ltd. <5801> were firm. NITTO BOSEKI CO.,LTD. <3110> and Mitsui Kinzoku Company, Limited <5706> gained, and IBIDEN CO.,LTD. <4062> surged. On the other hand, Kioxia Holdings <285A>, Renesas Electronics Corporation <6723>, and Mitsubishi Heavy Industries,Ltd. <7011> declined, while CANON INC. <7751> and DAIICHI SANKYO COMPANY, LIMITED <4568> were sold.

Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.