In the Tokyo market at the morning-session opening on the 30th, the Nikkei rebounded and traded about ¥1,000 higher. AI-related Taiyo Yuden started with buying interest and rose more than 9% at one point, while TDK saw early buying after the announcement of a basic agreement.
In the Tokyo stock market at the morning-session opening on the 30th, the Nikkei average rebounded and traded about ¥1,000 higher than the previous day. Gains in semiconductor-related stocks, including the SOX index, supported the market, with buying focused on issues such as Advantest and Tokyo Electron.
AI-related Taiyo Yuden started with buying interest and rose more than 9% at one point. The company's 29th announcement of a basic agreement with TDK on the joint development of next-generation electronic components was viewed as a positive catalyst.
TDK also traded higher, and it was reported that discussions on a future capital alliance are expected to continue. Domestic securities analysts said that high-profit growth can ease perceptions of overvaluation during periods of rising interest rates and attract buying interest.
The TOPIX also traded with a rebound, and risk appetite across the market strengthened against the backdrop of the Nikkei's gains. At the same time, selling led in some domestic-demand-related issues.