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The Nikkei average rose by 648 yen, marking a significant rebound for the first time in three days, with consolidation in trading after the buying spree = afternoon session on the 23rd.
On the 23rd, the Nikkei average stock price in the afternoon session rose by 648.03 yen to 34,868.63 yen, marking a significant rebound for the first time in three days. The TOPIX (Tokyo Stock Price Index) also continued to rise, increasing by 52.20 points to 2,584.32 points. At 9:07 AM, the Nikkei average reached 35,142.12 yen, up by 921.52 yen, recovering to the 35,000 yen level for the first time in about three weeks during trading hours. The yen depreciation and easing concerns over U.S.-China trade friction led to buybacks mainly in export stocks. After the initial rush to buy, there was a pause to wait for further rallies.
Ardea Resources Issues New Shares to Sumitomo Metal Mining
Fujih Electric received orders for a complete set of geothermal power generation equipment and engineering in Indonesia.
Fuji Electric <6504.T> announced on the 23rd that it has received an order for the geothermal power generation equipment and engineering for Unit 2 of the Muara Labuh Geothermal Power Station in Indonesia. Unit 2 of the Muara Labuh Geothermal Power Station is contracted by Sumitomo Corporation <8053.T>, and the company will be responsible for manufacturing and supplying the main equipment such as steam turbines and Generators, as well as the engineering. The start of operations is planned for 2027, with the construction of Unit 2 expected to increase the power generation capacity of the power station to approximately 170 MW.
Sumitomo, SBI Throw Support Behind FPT's Nvidia-Powered AI Expansion
SBI Holdings, Sumitomo, Vietnam's FPT Invest in AI Powerhouse in Japan
Sumitomo Mitsui Construction Raises Fiscal 2025 Forecasts to Return to Profitability
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