In Tokyo trading on the 1st, the Nikkei Stock Average rose sharply to ¥68,956.72, up ¥2,203 from the previous day, as buying spread across AI and semiconductor-related stocks into the afternoon. The move was attributed in part to a favourable market reaction to the earnings of major US semiconductor company Micron Technology.
In Tokyo trading on the 1st, the Nikkei Stock Average closed at ¥68,956.72, up ¥2,203 from the previous day, extending its gain for a second consecutive day.
The market reacted favourably to the earnings announced by major US semiconductor company Micron Technology on 30 September, and buying was prominent in AI-related and semiconductor-related stocks in the Japanese market. Gains in semiconductor-related stocks in the South Korean market also supported investor sentiment, and the Nikkei's rise widened into the afternoon.
TOPIX rose to 4,131.98 in morning Tokyo trading, up 0.57%.