The Nikkei extended its gains at the open on the 29th in Tokyo, with buying spreading to AI-related stocks after Advantest raised its earnings forecast for the current fiscal year.
The Nikkei Stock Average extended its gains at the open on the 29th in Tokyo, with the opening price at ¥64,126.25, up ¥172.06 from the previous day. The three major indexes rose in the previous day's U.S. stock market.
Although concerns remain over financial strain from massive investment in AI-related stocks, buying in related stocks led the market after Advantest raised its earnings forecast for the fiscal year ending March 2027 on the 28th. The Nikkei's gain temporarily exceeded ¥400.
Against this backdrop, expectations for growth in AI demand supported the market, and investors increased their focus on AI-related stocks.