The Nikkei Stock Average edged higher in morning trading on the 12th on the Tokyo stock market. Selling following the sharp drop in US NVIDIA shares subsided, prompting buying focused on AI- and semiconductor-related stocks.
The Nikkei Stock Average edged steadily higher in midmorning trading on the 12th on the Tokyo stock market, holding around ¥100 above the previous day. The move reflected continued buying that entered the market after the open.
NVIDIA shares had plunged in after-hours trading, but the view that selling had run its course gained traction, and buying interest in AI- and semiconductor-related stocks strengthened again.
Tokyo Electron and SoftBank Group rose, while moves in stocks related to companies regarded as major NVIDIA customers were limited.
TSE Prime Market trading value was approximately ¥2.7023 trillion, while trading volume was approximately 756.97 million shares. Among notable stocks, TDK, KDDI and Kioxia rose, while Advantest, BayCurrent and Recruit declined.