The Nikkei rose on the 16th for the first time in seven trading days, as buying returned to AI-related semiconductor stocks. It closed at ¥65,324.29, up ¥898.34 from the previous day.
The Nikkei Stock Average staged a sharp rebound in Tokyo on the 16th, as stocks related to AI were bought back on expectations that concerns over AI investment had eased somewhat. The Nikkei closed at ¥65,324.29, up ¥898.34 from the previous day, at one point approaching a gain of ¥1,300.
Among semiconductor and AI-related stocks, Tokyo Electron, Advantest and SoftBank Group led the buying, while dip-buying spread across a broad range of stocks. Buying in reaction to the declines through the previous day was prominent, indicating the overall market's resilience.
Across the TSE Prime Market, trading value was approximately ¥7.6686 trillion and trading volume was approximately 2.37905 billion shares. Indices other than the Nikkei also rebounded. The TOPIX rebounded for the first time in three sessions, closing at 4,066.00, while the JPX Prime 150 rose 1.76% to close at 1,710.08.
Among individual stocks, Kioxia Holdings, Konami Group and Lasertec rose, while Fast Retailing, Fujikura and Ryohin Keikaku declined. With U.S. earnings announcements due from next week onward, investors remained cautious.