In afternoon trading on the 9th, the Nikkei 225 rebounded sharply, with buybacks spreading across a broad range of stocks on the back of gains in US semiconductor shares. USD/JPY struggled to extend its decline, while market attention focused on the afternoon session and the release of economic data.
In afternoon trading on the 9th, the Nikkei 225 rose sharply from the morning session, closing at ¥59,411.34, with estimated trading volume of 1.33023 billion shares. Against a backdrop of gains in US semiconductor shares, buybacks progressed mainly in semiconductor and AI-related stocks, with semiconductor-related shares ranking among the top contributors. Buying spread across a broad range of sectors, and moves to target a rebound from the sharp morning decline intensified. SoftBank Group and other stocks were sold at one point.
The Nikkei 225's movement was the focus of afternoon trading, with attention on whether gains in semiconductor-related shares would hold. The recovery in the US Nasdaq and the SOX Index also contributed, and gainers accounted for the majority of stocks as of 1:00 p.m. SoftBank Group, meanwhile, fell, while the release of the coincident index and upcoming indicators, including the US Consumer Price Index, drew market attention.