The Nikkei Average has once again recovered the ¥69,000 level. Supported by the trend in US markets, buying spread mainly across AI-related stocks, bringing the index to its highest level in roughly a month and a half.
The Nikkei Average continued to rise on the 14th, recording a gain of more than approximately ¥2,700 over the 3 trading days through the 13th. As a result, it returned to the ¥69,000 level. AI- and semiconductor-related stocks drove market activity.
The Nikkei's rise on the 14th followed gains across major stock indexes in the US market on the 13th. AI and semiconductor stocks were reportedly bought mainly as positive factors for the Nikkei. The gain temporarily exceeded ¥1,200.
Market participants expect profit-taking to emerge more readily after the Nikkei's sharp rise over a short period, with the index likely to move around the ¥69,000 level. Its future direction warrants attention.