Japan Stocks Rise for Third Day as Nikkei Reclaims 64,000
Tokyo stocks extended their recovery on Thursday, October 29, with the Nikkei 225 closing at 64,659.47 points at 3:30 p.m., up 705.28 points, or 1.10%, from the previous session, as renewed buying of semiconductor and artificial intelligence-related shares helped the benchmark record its third consecutive daily gain ahead of the Bank of Japan's monetary policy decision. (News On Japan)
Japan stocks rose for a third consecutive day on Thursday, October 29, as the Nikkei 225 index reclaimed the 64,000 level, closing at 64,659.47 points. The gain of 705.28 points, or 1.10%, marked the third straight daily increase for the benchmark, ahead of the Bank of Japan's monetary policy decision. Semiconductor and artificial intelligence-related shares saw renewed buying interest, with Advantest and Furukawa Electric among the strongest performers, contributing to the rally.
However, the gains were not evenly distributed among the 225 stocks in the index, as some companies, such as Hitachi, Komatsu, and NEC, experienced declines. The Tokyo Stock Exchange's Prime Market saw unusually heavy trading activity, with turnover reaching approximately 13.87 trillion yen. The yen remained relatively stable against the dollar as investors awaited the Bank of Japan's policy announcement.
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