The Nikkei Stock Average started the morning session on the 12th slightly higher for a second straight session, but at times turned lower during the session as gains in crude oil futures weighed on sentiment. Semiconductor-related stocks attracted individual buying, while their impact in lifting the overall market remained limited.
The Nikkei Stock Average started the morning session on the 12th slightly higher for a second straight session in the Tokyo stock market. Semiconductor-related stocks saw early buying in Tokyo after some AI and semiconductor-related stocks rose in the US stock market on the 11th, but gains in crude oil futures weighed on sentiment, and the Nikkei at times turned lower during the session. The decline temporarily exceeded ¥200.
In the US stock market on the 11th, the SOX rebounded to finish 0.87% higher. In Japan, semiconductor-related stocks such as Kioxia, Ibiden and Shin-Etsu Chemical attracted buying, but their impact in lifting the overall market was limited. The Dow finished lower, while some market participants believe WTI has remained elevated due to the impact of crude oil inventories and transportation.
The Tokyo Stock Price Index (TOPIX) also started higher for a second straight session. Among stocks other than those included in the Nikkei, Fast Retailing, Fujikura and Tokyo Electron fell, while Recruit Holdings and Ajinomoto rose. Developments in crude oil prices and US stocks could influence the market trend in the short term.