The Nikkei Stock Average surged 1,803.74 yen to finish Monday's morning session at 65,142.81 yen, locking in a second consecutive day of substantial gains. Volume on the Prime Market came to approximately 1,216.74 million shares, with trading value reaching 5,328.6 billion yen. Despite the index's rally, market breadth was negative as declining issues outnumbered gainers 901 to 633, with 33 stocks ending unchanged.

Buying concentrated heavily on major AI and semiconductor-related shares, carrying over momentum from Wall Street's Friday session, where the Dow Jones Industrial Average and the Philadelphia Semiconductor Index (SOX) both set fresh record highs. Investor risk appetite was further bolstered by signs of progress in U.S.-Iran negotiations to end hostilities, briefly lifting the Nikkei by more than 2,000 points. However, the rally lacked broader market participation, leaving overall gainers in the minority.

On an individual stock basis, Kioxia Holdings <285A> surged on massive trading volume, while SoftBank Group Corp <9984> also posted significant gains. Power cable manufacturers Fujikura Ltd <5803> and Furukawa Electric Co Ltd <5801> attracted robust bids, alongside a jump in Murata Manufacturing Co Ltd <6981>. Semiconductor equipment heavyweight Advantest Corp <6857> and its peers saw widespread capital inflows. Future Innovation Group Inc <4392>, Nippon Chemi-Con Corp <6997>, and Nihon Dempa Kogyo Co Ltd <6779> all finished the morning locked at their daily limit-up.

In contrast, mega-bank Mitsubishi UFJ Financial Group Inc <8306> languished, and Mitsubishi Heavy Industries Ltd <7011> slid under selling pressure. Nintendo Co Ltd <7974> probed lower, while index heavyweight Fast Retailing Co Ltd <9983> erased its early gains heading into the midday close. KLab Inc <3656> plunged, while Kosaido Holdings Co Ltd <7868> and m-up holdings Inc <3661> also posted sharp losses.

Source: MINKABU PRESS

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