Tokyo stocks opened higher in the afternoon session on the 9th, with the Nikkei 225 starting in positive territory against the previous day and a broad range of issues gaining, leaving prices consolidating near their highs. As of the morning close, the sharp rebound continued, led by the Prime Market, with notable short covering in AI-related and semiconductor-related stocks.
The Nikkei 225 opened the afternoon session ¥1,797.63 higher than the previous business day at ¥59,232.40. Buying aimed at a technical rebound continued to provide support, and the index consolidated near its highs.
At the morning close, the Nikkei 225 was ¥1,976.57 higher than the previous day at ¥59,411.34, while TOPIX was up 126.84 points at 3,834.83, marking a sharp rebound. Short covering in AI- and semiconductor-related stocks was notable.
Trading volume was 1.33023 billion shares, and turnover was ¥4.2035 trillion. By sector, nonferrous metals, banks, other products, oil, and electric appliances were among the leading gainers. Food was the only decliner.
As of 10:10 a.m., the Nikkei 225 had at one point risen more than ¥1,500 from the previous day, while the opening price was ¥525.93 higher at ¥57,960.70, marking a rebound. Although concerns over US-China relations remain, more than 90% of Prime Market issues were higher. Among AI-related stocks, Tokyo Electron and Advantest rose.