The Nikkei Average rebounded in the Tokyo market on the morning of the 27th, recovering to around ¥63,507. Buying orders for AI-related and semiconductor stocks led the market higher, against a backdrop of gains in US tech stocks.
The Nikkei Average rebounded in the Tokyo stock market on the morning of the 27th, briefly rising more than ¥1,400 to recover to the ¥63,500 range. It was up ¥1,317.57 from the previous day at ¥63,507.22, while TOPIX rose to 4,000.02.
US tech stocks continued to rise, prompting buying in AI-related and semiconductor stocks. The filing of an IPO prospectus by US AI company Anthropic on the 26th was viewed as a positive market catalyst. In response, high-priced stocks such as Advantest were bought in the Tokyo market, pushing the broader market higher.
The average share price remained at a level more than ¥2,400 below where it had been over the previous 3 trading days, and some observers said buying had advanced in stocks that appeared undervalued. A pause in the rise in US crude oil futures also supported investor sentiment.
Going forward, developments in US tech stocks, movement in AI-related stocks and the impact of news related to new IPOs could influence the market.