The Nikkei rose by more than ¥1,000 at one point in the morning session of the Tokyo stock market on the 30th, led by buying in AI-related and semiconductor stocks. The decline in U.S. crude oil futures also improved investor sentiment.
In the morning session of the Tokyo stock market on the 30th, the Nikkei Stock Average rebounded, rising by more than ¥1,000 at one point and recovering to the ¥66,000 range. As of 11:00 a.m., it stood at ¥66,289.23, up ¥807.96 from the previous day, while the TOPIX was up 25.22 points at 4,066.35.
Buying in AI-related and semiconductor stocks drove the market higher, lifting major semiconductor manufacturing equipment makers such as Tokyo Electron. Buying in SoftBank Group, which has investments in the sector, also supported the market.
Following the restoration of Saudi Arabia’s pipeline, concerns over energy supplies eased, while the decline in U.S. crude oil futures also helped improve investor sentiment.
The rise in U.S. semiconductor stocks spread to the Tokyo market, and AI-related stocks may remain a focus for the market going forward.