In Tokyo market trading on the 1st, the Nikkei Average briefly recorded a gain of more than ¥2,000 in the afternoon. Buying spread selectively into AI and semiconductor stocks following Micron's strong earnings outlook.
The Nikkei Average extended its gains on the 1st and ended morning trading higher. The closing price was ¥68,355.81, up ¥1,602.09 from the previous day.
The gain widened in afternoon trading, with the Nikkei Average briefly rising more than ¥2,000.
Positive sentiment toward the earnings outlook of major US memory-chip maker Micron Technology spread, prompting selective buying in AI-related and semiconductor stocks.
The upward trend continued from the morning, and the Nikkei Average's advance strengthened toward the morning close.