The Nikkei 225 recovered the ¥65,000 level and is expected to remain firm in afternoon trading. Movements in US long-term yields and AI-related fund flows will be key points of focus for investment strategy.
The Nikkei 225 widened its gain from ¥499.34 at the morning open to more than ¥1,100 and recovered the ¥65,000 level. The view is that firm range-bound trading will continue.
The afternoon session is also expected to remain firm, although selling by investors waiting for a recovery is likely to emerge at higher levels.
In the United States, the September PPI rose, while long-term yields declined as investors bought US Treasuries as a safe-haven asset, supporting stock prices.
Concerns remain over the massive investments and fundraising needs of artificial intelligence (AI)-related companies, and caution toward related stocks may continue.