Japan Market Daily | Kabutaro & Friends

On October 28, the Nikkei 225 rose for a second day on the Tokyo stock market, closing at 63,954.19, up 685.82 yen (+1.08%) from the previous day. The TOPIX, on the other hand, edged down 5.66 points to 3,991.71. Following gains in U.S. semiconductor stocks the previous day, buying concentrated in AI and semiconductor-related stocks, and the Nikkei rose more than 1,000 yen at one point in the afternoon session, recovering the 64,000 level. However, with the U.S. FOMC decision and earnings from major U.S. tech companies ahead, its gains narrowed toward the close. The rise was skewed toward a few high-priced stocks, and decliners accounted for 70% of the TSE Prime Market. By contribution, Advantest lifted the Nikkei by about 231 yen and Tokyo Electron by about 210 yen, followed by SoftBank Group and Kioxia, while Konami Group and Nitto Denko weighed on it. By sector, glass and ceramics products, nonferrous metals and electric appliances rose, while insurance, foods and oil and coal products fell. Trading value on the TSE Prime Market was 8.0742 trillion yen.