The Nikkei Stock Average in the morning session on the 7th surged 3,402.75 yen from the previous trading day to 62,915.87 yen, marking a sharp consecutive gain. Trading volume on the Prime Market in the morning session was approximately 1,558.03 million shares, with a trading value of approximately 5,438.2 billion yen. The number of advancing issues was 1,279, while declining issues numbered 264, with 28 issues unchanged.

In the Tokyo stock market during the morning session, the Nikkei Average rose by more than 3,000 yen, rapidly approaching the 63,000 level and updating its intraday high. Overseas technology stocks showed strong movements in connection with earnings announcements, including U.S.-based Advanced Micro Devices and SanDisk , as well as South Korea's Samsung Electronics. This tailwind led to concentrated investment in AI and semiconductor-related stocks in the Tokyo market, significantly lifting the overall market. Sentiment also turned bullish amid growing speculation that the U.S. and Iran are nearing an agreement to end hostilities in the Middle East. More than 80% of issues on the Prime Market rose in value.

Individually, SoftBank Group Corp. <9984> surged sharply, while ADVANTEST CORPORATION <6857>, Tokyo Electron Limited <8035>, and Fujikura Ltd. <5803> moved higher. Kioxia Holdings <285A> and SUMCO CORPORATION <3436> showed limit-up buying interest. IBIDEN CO.,LTD. <4062> jumped sharply. Murata Manufacturing Co.,Ltd. <6981> and SUMITOMO CORPORATION <8053> also posted significant gains. FAST RETAILING CO., LTD. <9983> traded firmly. On the other hand, INPEX CORPORATION <1605>, Marubeni Corporation <8002>, and Sanrio Company, Ltd. <8136> fell sharply. Nintendo Co., Ltd. <7974> and CHUGAI PHARMACEUTICAL CO., LTD. <4519> were weak.

Source: MINKABU PRESS

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