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Tokyo stocks close 228 yen higher, rebounding for first time in 3 days as Tokyo Electron lifts market
The Nikkei Stock Average rebounded for the first time in three days on the Tokyo stock market on the 1st. Tokyo Electron Limited <8035> surged on favorable earnings results, lifting the overall market.
The Nikkei Stock Average closed at 59,513.12 yen, up 228.20 yen from the previous day. Trading volume on the Prime Market was approximately 2,312,790,000 shares. Trading value was approximately 7,684,100,000,000 yen. Advancing issues numbered 670, about 42% of the total, while declining issues numbered 844, with 60 unchanged.
In the U.S. stock market the previous day, the Dow Jones Industrial Average rose 790 points, and the Nasdaq Composite Index hit a new record high. Following the strength in U.S. stocks, the Nikkei Stock Average traded firmly. Tokyo Electron, which announced strong earnings results the previous day, jumped sharply and reached a new all-time high. The single stock pushed the Nikkei Stock Average up by approximately 300 yen. The rise in SoftBank Group Corp. <9984> also contributed. Major trading company stocks were bought on similarly strong earnings results. Although the Nikkei Stock Average rose more than 400 yen at one point, gains narrowed somewhat into the close due to position adjustments ahead of the Tokyo market's closure for Golden Week holidays from tomorrow through the 6th. In the foreign exchange market, government and Bank of Japan yen-buying intervention drove the dollar sharply lower and the yen higher to the upper 157 yen level per dollar.
Among individual stocks, Lasertec corporation <6920>, KEYENCE CORPORATION <6861>, DAIKIN INDUSTRIES, LTD. <6367>, and IHI Corporation <7013> rose. Mitsubishi Corporation <8058>, ITOCHU Corporation <8001>, SUMITOMO CORPORATION <8053>, Sojitz Corporation <2768>, and TOYOTA TSUSHO CORPORATION <8015> were bought. Panasonic Holdings Corporation <6752> and KYOCERA CORPORATION <6971> advanced, while Tokyo Electric Power Company Holdings, Incorporated <9501> and East Japan Railway Company <9020> traded higher.
On the other hand, Kioxia Holdings <285A>, ADVANTEST CORPORATION <6857>, and DISCO CORPORATION <6146> declined, while Fujikura Ltd. <5803> and Furukawa Electric Co., Ltd. <5801> were weak. Nintendo Co., Ltd. <7974> and Mitsubishi UFJ Financial Group, Inc. <8306> fell, while Hitachi, Ltd. <6501> and TOYOTA MOTOR CORPORATION <7203> declined.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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