The Nikkei Average rose for a fourth consecutive day, closing at ¥65,513.99. Buying in AI and semiconductor-related stocks drove the market.
The Nikkei Stock Average closed at ¥65,513.99 on the Tokyo Stock Exchange, up ¥495.04 from the previous day, marking its fourth consecutive trading-day gain.
The Tokyo Stock Price Index (TOPIX), meanwhile, fell 0.39% to 4,075.30. Looking at overall market movements, US stocks rose on falling crude oil futures and expectations of easing tensions in the Middle East, and AI and semiconductor-related stocks with a significant impact on the Nikkei Average were bought. Steel and gas stocks were among the sectors that declined.
The day's movements showed that technology stocks, particularly those in the high-tech sector, were at the centre of the market overall, against a backdrop of trends in the US market and strength in technology stocks.