Buying was concentrated in AI-related stocks, with the Nikkei 225 edging higher while TOPIX declined. The divergence between the indices has become pronounced, indicating a growing preference for theme stocks.
Buying was concentrated in AI-related stocks, with the Nikkei 225 and TOPIX moving in opposite directions at +0.82% and -0.44%, respectively. The view is gaining ground that high-priced and growth-oriented stocks had a relative advantage.
Rather than being a market in which stocks were broadly bought, this phase has been characterized by increasingly selective stock-picking in line with investor preferences for specific themes. The performance gap between the indices has widened.
Looking ahead, the performance of stocks associated with the AI theme is expected to remain a focus of the market, according to prevailing views.