Asian stocks: Japanese stocks rise 1.7% in the first half of the day, with gains in semiconductor, automotive, banking, and shipping stocks

AASTOCKS
2025.05.13 03:01

Japanese stocks rose in the morning session, with the agreement between China and the United States to mutually reduce tariffs boosting global stock markets. Semiconductor and automotive stocks saw buying interest, but the rise in Japanese long-term bond yields affected the overall market. The Nikkei average index once rose by over 800 points, gaining 652 points or 1.7% to report at 38,296 points.

In the semiconductor sector, Tokyo Electron (8035.JP) and Advantest (6857.JP) rose by 4.1% and 5.8%, Shin-Etsu Chemical (4063.JP) rose by 3.6%, Kioxia (285A.JP) and Disk (6146.JP) rose by 1.7% to 1.8%, and Renesas Electronics (6920.JP) rose by 0.5%, while Advantest (6857.JP) fell by 0.7%. Fiber optic producer Fujikura (5803.JP) rose by 0.4%, and SoftBank Group (9984.JP) rose by 1.8%. In the automotive sector, Nissan (7201.JP), Toyota (7203.JP), and Subaru (7270.JP) rose by 3.2% to 3.7%, while Mitsubishi Motors (7211.JP) rose by 4.8%.

In the financial sector, Mitsubishi UFJ Financial Group (8306.JP) rose by 4.6%, while Sumitomo Mitsui Financial Group (8316.JP) and Mizuho Financial Group (8411.JP) rose by 4.1% and 3.2%. Insurance stock Dai-ichi Life (8750.JP) rose by 2%. In the shipping sector, Nippon Yusen (9101.JP) rose by 2.7%, while Mitsui O.S.K. Lines (9104.JP) and Kawasaki Kisen Kaisha (9107.JP) rose by 5.8% and 5.1%.

In other stocks, heavy industry stock Mitsubishi Heavy Industries (7011.JP) fell by 2.2%, while Kawasaki Heavy Industries (7012.JP) rose by 3%, and IHI (7013.JP) fell by 0.4%. Panasonic Holdings (6752.JP) and Sony (6758.JP) rose by 2% and 1.3%, while clothing stock Fast Retailing (9983.JP) rose by 2.3%, and Nintendo (7974.JP) rose by 5%. Sharp (6753.JP) saw its stock price drop by 11.5%, as the company predicted losses in its LCD business for the current fiscal year.

The USD/JPY rose to 147.92, with an intraday high of 148.48

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