The SMI ended the day with losses from major companies such as Novartis, Roche, and Nestlé. However, Wall Street had a positive outlook, which led to price gains in the cryptocurrency market.

TDK, a major player in the Nikkei, saw a significant increase of seven percent after raising its full-year operating profit forecast to 220 billion yen, a 27 percent rise from the previous year. Nomura Holdings also experienced a notable rise of eight percent after announcing a more than doubling of its quarterly profit, reaching its highest level in four years. Sanrio, the maker of "Hello Kitty," saw a significant jump of 14 percent after revising its full-year net profit forecast upward.

Market analysts, including Seiichi Suzuki from Tokai Tokyo Intelligence Laboratory, are cautious about the sustainability of this momentum due to investor wariness ahead of the upcoming US presidential election, which has caused high volatility in the Nikkei.