Japan Stock of the Day | Kabutaro & Friends

On August 24, 2026, the most talked-about Japanese stock online was Sumitomo Metal Mining <5713>.
Background: The shares rose sharply for a third straight session on the back of gains in nonferrous metals such as gold and copper. Gold climbed to $4,602 an ounce on August 21, its highest level in about three months, as softer U.S. inflation data pushed back expectations for an early rate hike and spurred buying. Freeport-McMoRan and Southern Copper advanced at the end of the previous week in the U.S., and on August 24 JX Advanced Metals <5016>, Mitsubishi Materials <5711> and UACJ <5741> were also bought. Daiwa Securities raised its target price from 10,700 yen to 12,300 yen, citing higher copper prices and an improving materials business. The stock reached 11,570 yen at 11:06 a.m., up 810 yen from the previous day, and closed at 11,475 yen, up 715 yen (+6.64%). It ranked among the top gainers even as the Nikkei Stock Average fell for a second day, down 488.27 points at 65,528.09.