Overview
- Nikkei 225 rose 509.14 points to 50,916.93 at the morning close on Dec. 26, while TOPIX gained 15.91 to 3,433.89 and set a record during trading.
- Buying concentrated in exporters such as steelmakers and electronics as the yen hovered around ¥155.90 to ¥156.10 per dollar.
- High-priced large caps including Fast Retailing and SoftBank Group rebounded on bargain-driven buying, helping propel the Nikkei.
- Market participation remained light due to Christmas-period absences, contributing to a cautious tone.
- Recent U.S. equity gains on expectations of Fed rate cuts provided a supportive backdrop, and a speech by BOJ Governor Kazuo Ueda offered no new policy signals.