The Nikkei rose as high as ¥61,142 this week in the Tokyo market, up 6.5% from the previous weekend. Market sentiment recovered as investors bought back AI-related stocks and moved in response to the earnings season.
In the Tokyo stock market this week, the Nikkei Stock Average rose ¥3,707 from the previous weekend to ¥61,142, marking its sharpest rebound in 2 weeks. The TOPIX rose 6.3% from the previous weekend and remained in positive territory, with buying spreading across a broad range of stocks. The sharp rebound on Monday, strong October sales at Taiwan's TSMC and the KOSPI's high levels also pushed up market sentiment.
Next week's focus will be the performance of AI-related stocks, with a possible IPO by U.S. company Anthropic and Nvidia's earnings serving as potential catalysts. Attention is also expected to focus on the timing of the release of key domestic indicators, including GDP, the trade balance, machinery orders and the consumer price index.
In daily trading, the Nikkei moved sharply each day from 9 to 13 November, with a sharp rebound and continued gains on the 9th and 10th, followed by another rebound on the 13th. Meanwhile, reports on the 12th that Nvidia's CEO would resign discouraged buying in semiconductor-related stocks. As the earnings announcement season reached its peak, funds continued to flow into stocks with strong earnings.
All 33 sectors rose, with gains seen across a broad range of sectors, including textiles, machinery, precision instruments, domestic-demand-related stocks and financials. Cybersecurity, semiconductors, TOPIX Core 30, physical AI and data centers were reported to be performing steadily as investment themes.