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Nikkei Surges Past 65,000 on Suspected Yen Weakness: Tech Giants Like Advantest and NEC Lead Explosive Gains

Suspected yen intervention drove Nikkei to climb significantly. It reached an intraday high of 65249 and is now at 64506.

Technicals

CMP -64506

Trend

4- Hour chart

Value

 

 

55 EMA

64130

CMP>value

Bullish

200- EMA

66701

CMP <value

Bearish

365- EMA

65291

CMP<value

Bearish

  1. EMA

61519

CMP>Value

Bullish

 Near-term resistance - 65300/65500/67550. Near-term support- 64000/62650/61500.

Momentum indicator

Inference

Value

CCI(50)

Neutral

 

ADX

Neutral

 

 It is good to buy above 65300 with a SL around 64000 for a TP of 67500.

Nikkei Market Snapshot: Top Performing Sectors & Key Scrips

 

Strong gains in high-tech and industrial supply chains, headed by the Electric Appliances and Semiconductor Electronics sector (up around 3%), together with strong results in Nonferrous Metals and Precision Instruments, are now driving Japan's stock market. Among outstanding individual stocks to keep an eye on are Advantest Corp. (+10.85%), NEC Corp. (+8.43%), Hitachi (+6.01%), and Mitsui Mining & Smelting (+5.57%). All of these companies are profiting from the rising demand for AI chips, strong corporate IT spending, and infrastructure development in the power grid.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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