The Nikkei Stock Average rebounded in the Tokyo stock market on the morning of the 30th, ending the morning session at ¥66,318.81, up ¥837.54 from the previous day. Buying of AI and semiconductor-related stocks led the market, with the gain briefly exceeding ¥1,000.
Buying led the Nikkei Stock Average in morning trading, sending it sharply higher from the previous day, with the morning close at ¥66,318.81. Buying initially spread across semiconductor stocks, lifting SoftBank Group and Tokyo Electron, among others.
In U.S. markets, the Dow and Nasdaq edged lower, while the SOX semiconductor index rose, boosting investor appetite for semiconductor-related stocks and influencing the Japanese market. With Japanese and U.S. interest rates remaining elevated, semiconductor-related stocks expected to deliver earnings growth continued to attract buying.
Taiyo Yuden, an AI-related stock, rose more than 9% at one point. TDK's announcement that it would discuss a capital tie-up in next-generation electronic components in the future was also viewed as a positive factor. The Nikkei failed to maintain its early momentum, and the gain narrowed as trading progressed.
Turnover on the TSE Prime Market was approximately ¥3.3113 trillion at the morning close, while trading volume was approximately 925.23 million shares. The number of advancing stocks exceeded the number of declining stocks.
Fast Retailing, Fujikura, Kioxia and Shin-Etsu Chemical rose in the morning session, while Ibiden, Murata Manufacturing, Kyocera and Nitto Denko fell.