
In the Asian stock market, the Nikkei average index rose by 84 points or 0.2% in the first half of the day, while SoftBank fell by 6%
Japanese stocks today (12th) fluctuated in the morning session, with some earnings stocks seeing buying interest, but SoftBank's post-earnings sell-off dragged down the market. The Nikkei average opened up 145 points, initially falling 305 points to 50,537 points, then rising again, reaching a high of 51,023 points with an increase of 180 points. By midday, it was up 84 points or 0.2%, reporting 50,927 points.
In the AI concept and semiconductor stocks, SoftBank (9984.JP) reported earnings that exceeded expectations, but the market is concerned that the favorable investment returns may have peaked, causing the stock price to drop by 6.2%. Tokyo Electron (8035.JP) and Advantest (6857.JP) fell by 2.2% and 2.1%, respectively, while Discus (6146.JP) dropped by 1%. Raytech (6920.JP) and memory chip stock Kioxia (285A.JP) rose by 0.5% and 0.9%. Wire stocks such as Furukawa Electric (5801.JP) rose by 1.5%, and Fujikura (5803.JP) rose by 3.4%. Electric power stock Tokyo Electric Power Company (9501.JP) fell by 0.5%. Heavy industry stocks Mitsubishi Heavy Industries (7011.JP) and IHI (7013.JP) fell by 0.7% and 0.6%, while Kawasaki Heavy Industries (7012.JP) fell by 0.1%. JX Metals (5016.JP) fell by 1.4%. Mitsui Mining & Smelting (5706.JP) raised its full-year earnings forecast, causing its stock price to soar by 20.4%.
In other stocks, Mitsubishi UFJ Financial Group (8306.JP) and Panasonic (6752.JP) rose by 3% and 2.6%, respectively, while Rakuten Group (4755.JP) fell by 0.1%. Fast Retailing (9983.JP) and cartoon IP parent company Sanrio (8136.JP) rose by 0.4% and 0.6%, respectively. Toyota (7203.JP), Nintendo (7974.JP), and Hitachi (6501.JP) rose by 1.3% to 1.4%. Sony (6758.JP) reported second-quarter earnings that exceeded expectations and raised its operating profit forecast for the current fiscal year, with its stock price rising by 5.5% yesterday (11th) and an additional 3.1% this morning. Shiseido (4911.JP) rebounded by 4%, and Japan's leading real estate stock Mitsubishi Estate (8802.JP) rebounded by 3%.
The Japanese yen rose during the Asian session, with the dollar trading at 154.35 yen

