Nikkei rises 70.59 points after 900-point intraday slide

The Nikkei Stock Average edged higher on the Tokyo Stock Exchange on the 25th, closing the morning session at 65,598.68, up 70.59 points from the previous day. The index briefly fell more than 900 points after the open as selling spread through high-priced semiconductor stocks following the previous day’s decline in U.S. technology shares, but lower U.S. long-term yields supported dip-buying and reversed the drop. TOPIX, a broad Tokyo market index, rose 13.44 points to 4,086.73. Advancing stocks accounted for 53% of the Prime Market, compared with 43% that declined. Trading volume was 900.97 million shares and turnover totaled ¥3.53 trillion, approximately $22.2 billion. Nonferrous metals, insurance and marine transportation gained among the Tokyo Stock Exchange’s 33 industry sectors, while transportation equipment, rubber products and machinery fell. The market remained bifurcated, with the Nikkei constrained by high-priced semiconductor stocks while broader buying lifted TOPIX. The TOP20 index on the Standard Market extended its gains, while the Growth Market’s Core index rebounded and its 250 index continued to advance. In the afternoon, the Nikkei opened at 65,785.09, up 257.00 points from the previous day, as semiconductor-related stocks attracted further buying. Investors remained cautious ahead of Nvidia’s earnings release, and the Nikkei’s direction continued to hinge on semiconductor shares, movements in South Korea and U.S. technology stocks.

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Nikkei rises 70.59 points after 900-point intraday slide - CoinPost Terminal