Tokyo stocks continued to trade firmly in the afternoon session. The Nikkei 225 moved between the ¥65,700 and ¥66,000 ranges, with a broad range of stocks rising.
The Nikkei 225 dipped to the ¥65,700 range immediately after the afternoon session opened, but subsequently recovered and returned to the ¥66,000 range, continuing to trade firmly. While overall market turnover remained subdued, AI-related stocks generally struggled to advance.
The morning-session close rebounded from the previous day, with the Nikkei 225 at ¥65,982.49 and TOPIX at 4,048.72 points as of the end of the morning session. Buying continued from the morning, but some semiconductor stocks fell amid lingering concerns over the finances of AI-related companies.
At 10:16 a.m., the Nikkei 225 briefly rose by more than ¥900, with notable gains in sectors outside AI, including transportation equipment and pharmaceuticals. Tokyo Electron and Ibiden edged lower, while metal-related stocks showed strength.
The Nikkei 225 opened ¥406.37 higher than the previous day at ¥65,732.79, rebounding as buying led across a broad range of sectors on the perception that prices had become attractive following the sharp declines through the previous day.
Trading volume exceeded 10.7 billion shares, while turnover was ¥4.3789 trillion, with price movements spanning a broad range of stocks.
The difficulty AI-related stocks have had advancing, along with concerns over their finances, is weighing on the overall strength of the market.