Japanese stocks recovered in the afternoon on the 9th after selling of AI-related stocks subsided following reports concerning OpenAI's revenue. Bond yields declined, while the yen traded in the lower ¥158 range.
The Nikkei Average came under pressure in the morning but recovered in the afternoon to finish trading nearly flat. TOPIX rose 0.3%, closing at 4104.81.
In the bond market, long-term interest rates declined, with the 10-year bond yield falling to around 3.01%.
In the foreign exchange market, the yen was in the lower ¥158 range against the dollar, slightly weaker than at the New York market close.
Trading in AI-related stocks following reports concerning OpenAI was volatile, but buying returned, particularly in semiconductor stocks.
Market participants are closely watching the direction of US stocks, crude oil prices, and the Bank of Japan's monetary policy.