The Nikkei Average rebounded in Tokyo trading on the 30th. Buying of AI- and semiconductor-related stocks expanded the morning gain, and the index continued to rise from shortly after trading began.
In Tokyo stock trading on the 30th, the Nikkei Stock Average rebounded, with the morning close up ¥837.54 from the previous day at ¥66,318.81. Buying of AI- and semiconductor-related stocks emerged shortly after trading began, and the gain temporarily exceeded ¥1,000.
One factor prompting buying of AI and semiconductor stocks was the announcement on the 29th that TDK and Taiyo Yuden had reached a basic agreement to jointly develop next-generation electronic components.
Following the announcement, TDK was at one point up 5% during trading hours and Taiyo Yuden was up 9%, with the contribution of both stocks helping lift the overall market.
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