The Nikkei Average Index rose 556 points or 1.1% in the first half of the day, with chip stocks and commercial stocks performing well

AASTOCKS
2025.11.06 03:09

Japanese stocks rebounded in the early market. The addition of private jobs in the U.S. last month exceeded expectations, easing market concerns about a rapid deterioration in U.S. employment, which boosted U.S. stocks and led investors to buy Japanese stocks. However, profit-taking limited gains at high levels. The Nikkei average opened 580 points higher, with the initial increase expanding to 1,036 points, reaching 51,248 points before retreating, narrowing the gain to 381 points, hitting a low of 50,594 points. At midday, it rose 556 points or 1.1%, reporting 50,768 points.

In the AI concept and semiconductor stocks, Kioxia (285A.JP) rose 6.7%, Disko (6146.JP) rose 4.6%, Raytech (6920.JP) and Advantest (6857.JP) rose 3% and 2.7%, SoftBank (9984.JP) and Tokyo Electron (8035.JP) rose 0.9% and 0.2%. In the wire sector, Furukawa Electric (5801.JP) and Sumitomo Electric (5802.JP) rose 1.8% and 1.7%, while Fujikura (5803.JP) rose 8.5%.

In the power sector, Shikoku Electric (9501.JP) rose 4.4%. In the heavy industry sector, Mitsubishi Heavy Industries (7011.JP) rose 2.2%, while Kawasaki Heavy Industries (7012.JP) and IHI (7013.JP) fell 1.3% and 2.3%. JX Metals (5016.JP) fell 0.8%. In the trading company sector, Itochu (8001.JP) and Mitsubishi Corporation (8058.JP) rose 2% and 2.1%, while Sumitomo Corporation (8053.JP) rose 2.7%.

In other stocks, Hitachi (6501.JP) and Toyota (7203.JP) rose 4.5% and 3%, Sony (6758.JP) and Nintendo (7974.JP) rose 2.5% and 2.2%, Mitsubishi UFJ Financial (8306.JP) and Rakuten Group (4755.JP) rose 1% and 1.2%, Fast Retailing (9983.JP) rose 1.6%, while Panasonic (6752.JP) fell 0.5%. Sanrio (8136.JP) fell 13.8%, as the company raised its profit forecast but still fell short of market expectations.

The latest exchange rate for the U.S. dollar against the Japanese yen is 153.96

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