The Nikkei Stock Average surged 868.19 yen to 60,584.37 in morning trading on the 27th, rising sharply for the second consecutive session. Trading volume on the Prime Market reached an estimated 1,144.4 million shares, with a trading value of approximately 4,124.3 billion yen. A total of 918 issues advanced, while 588 declined and 65 remained unchanged.

In the morning session on the Tokyo stock market, buying concentrated on major issues with large trading values, pushing the Nikkei higher. The index decisively surpassed the psychologically important 60,000 level, rapidly rising to the upper 60,000 range at one point. U.S. stocks on Friday saw notable gains particularly in semiconductor-related shares, and the Tokyo market followed suit with accelerated risk-on trading centered on the same sector. Positive sentiment was also supported by reports that Iran has made a new proposal to the U.S. regarding the opening of the Strait of Hormuz, indicating moves toward improvement in the Middle East situation.

Individually, Kioxia Holdings <285A> rose sharply, while semiconductor manufacturing equipment stocks advanced broadly, including ADVANTEST CORPORATION <6857>, DISCO CORPORATION <6146>, and Tokyo Electron Limited <8035>. FANUC CORPORATION <6954> was bid limit-up, and KEYENCE CORPORATION <6861> also surged. Harmonic Drive Systems Inc. <6324> attracted buying interest, and Rigaku Holdings <268A> also rose. On the downside, Furukawa Electric Co., Ltd. <5801> and Mitsubishi Heavy Industries,Ltd. <7011> were weak, while CHUGAI PHARMACEUTICAL CO., LTD. <4519> declined. IHI Corporation <7013> also fell. KOA CORPORATION <6999> plunged, while ROHM COMPANY LIMITED <6963> and Japan Display Inc. <6740> also traded lower.

Source: MINKABU PRESS

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