The Nikkei average rebounded in August, gaining ¥1,949 from the previous month. Buying spread mainly among AI-related stocks that reported strong earnings.
The Nikkei average rebounded in August, gaining ¥1,949 for the month, or 3%. Inflows of funds were particularly notable into stocks with strong earnings, mainly those related to AI.
Recruit Holdings posted the largest gain among the index constituents, with its share price rising 45%. The company announced on 7 August that consolidated net income for the fiscal year ending March 2027 is expected to reach ¥755 billion, up 52% from the previous fiscal year and above its previous forecast.