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Tokyo stocks surge to historic high above 67,000 in morning session
The Nikkei Stock Average ended Monday's morning session up 708.74 yen at 67,038.24, extending its gains from the previous trading day. Trading volume on the Prime Market reached approximately 1.41 billion shares, with a turnover of around 6.04 terillion yen. Decliners heavily outnumbered advancers, with 1,129 stocks falling, 413 rising, and 19 finishing unchanged.
In Tokyo trading on Monday morning, major stocks showed a strong risk-on sentiment, with the Nikkei benchmark surging more than 900 yen at one point to cross the 67,000 threshold for the first time at the morning close. The rally followed a record-breaking performance on Wall Street late last week, where all three major U.S. indices hit all-time highs on the back of falling crude oil prices. Despite the Nikkei's gains, broader market breadth was weak, as declining issues accounted for over 70% of the market, dragging the TOPIX index into negative territory. While concentrated buying persisted in artificial intelligence (AI) and semiconductor-related shares, their performance was mixed rather than uniform. The Nikkei's advance was primarily driven by targeted buying in heavyweight technology stocks.
Among individual stocks, Kioxia Holdings Corporation <285A> continued to dominate trading value and posted substantial gains. Murata Manufacturing Co., Ltd. <6981> surged to rank second in trading value, while Taiyo Yuden Co., Ltd. <6976> also jumped. SoftBank Group Corp. <9984> advanced strongly, and Tokyo Electron Limited <8035> climbed higher. Mitsui Mining and Smelting Co., Ltd. <5706> attracted solid buying interest. Nihon Dempa Kogyo Co., Ltd. <6779> and Noritake Co., Limited <5331> both surged to their daily limit-up prices. Conversely, Fujikura Ltd. <5803> and Ibiden Co., Ltd. <4062> were weak, while Advantest Corp. <6857> and Lasertec Corp. <6920> were weighed down by selling pressure. Fast Retailing Co., Ltd. <9983> also finished lower. SKY Perfect JSAT Corp. <9412> and Mitsubishi Motors Corp. <7211> slumped.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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