Tokyo stocks rebound in morning session, semiconductor shares lead gains after initial volatility

The Nikkei Stock Average rose 629.62 yen to close morning trading at 64,654.22 yen on Tuesday, rebounding from Monday's session. Volume on the Prime Market reached approximately 1.03 billion shares, with turnover totaling about 4.81 trillion yen. Advancers outnumbered decliners 970 to 553, with 40 issues unchanged.

During the morning session, Tokyo stocks gained as investor sentiment improved following a rebound in major U.S. semiconductor shares on Monday, prompting buying in related issues. However, amid rising long-term interest rates, caution also prevailed, causing the Nikkei to briefly erase its gains and slip into negative territory. Profit-taking and position adjustments capped the upside, slowing the recovery momentum. Nevertheless, after temporarily losing ground, bargain hunting regained dominance, and the index resumed its upward trajectory to secure a gain of over 600 yen by the midday close, forming a modest positive candlestick. Trading turnover fell short of the 5.00 trillion yen mark.

Among individual stocks, Kioxia Holdings <285A>, which led trading value by a wide margin, attracted buying, while Murata Manufacturing Co.,Ltd. <6981> and TAIYO YUDEN CO., LTD. <6976> drew investor interest. Tokyo Electron Limited <8035> posted particularly strong gains, while ADVANTEST CORPORATION <6857> and DISCO CORPORATION <6146> also traded higher. Panasonic Holdings Corporation <6752> remained firm. MEGMILK SNOW BRAND Co.,Ltd. <2270> surged, and YOKOWO CO.,LTD. <6800> jumped. On the downside, SoftBank Group Corp. <9984> weakened after opening higher, while Mitsui Kinzoku Company, Limited <5706> declined. Mitsubishi Heavy Industries,Ltd. <7011> remained lackluster. Fixstars Corporation <3687> continued its sharp decline, Sakai Chemical Industry Co.,Ltd. <4078> fell significantly, and RENOVA,Inc. <9519> and TESS Holdings CO.,Ltd. <5074> dropped sharply.

Source: MINKABU PRESS

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