The Nikkei Stock Average rose ¥898, and semiconductor stocks rebounded. Buybacks followed a drop of more than ¥3,300, and lower U.S. interest rates also supported the market, but caution over AI investment remains.
The Nikkei Stock Average rose ¥898 from the previous day, with buying prevailing across the broader equity market. Semiconductor stocks saw particularly strong buying as the market rebounded from its recent turmoil.
Following the recent sharp decline, investors appeared to be assessing the strength of the buyback momentum. There were also reports that lower U.S. interest rates had supported the market.
Caution toward AI investment remains, and investors are reportedly taking a cautious view of excessive investment in AI-related stocks even as the market rebounds.