In the Tokyo stock market on the morning of the 1st, the Nikkei average extended its gains, with the morning close at ¥68,355.81, approximately ¥1,600 higher than the previous day. It topped ¥68,000 for the first time in 1.5 months. AI and semiconductor-related stocks were bought.
Buying was prominent in semiconductor-related stocks from the morning session, pushing up the Nikkei average. At one point, Advantest, Tokyo Electron and SoftBank Group together pushed the Nikkei average up by approximately ¥1,000.
As of the morning close, 515 stocks on the TSE Prime Market had risen, 992 had fallen and 42 were unchanged. Trading volume was in the 1.1 billion-share range, while trading value was approximately ¥3.9377 trillion.
Against a backdrop of higher U.S. stocks, results and guidance from Micron Technology, a major U.S. memory semiconductor company, provided a positive catalyst and the Nasdaq rebounded. In Japan, buying continued as AI and semiconductor-related stocks were viewed as undervalued.
TOPIX extended its gains, standing at 4113.97 points at the morning close, up 5.32 points from the previous day. The JPX Prime 150 Index was also up 5.99 points at 1732.86.