The Nikkei Stock Average recovered to the ¥66,000 range. The market rose at the start of the week, led by buying back into AI- and semiconductor-related stocks.
The Nikkei Stock Average rose at the start of the week, led by AI- and semiconductor-related stocks. The gain exceeded ¥1,300, bringing the index back to the ¥66,000 range.
The Nikkei, which ended trading on the 4th after rising by more than ¥800 for its first gain in 5 trading days, rose again on the 7th. The Tokyo market saw stronger buying-back activity as it followed gains in AI- and semiconductor-related stocks in the U.S. market.
Market participants, however, pointed to crude oil futures prices remaining elevated due to the situation in the Middle East and said the situation needs to be monitored closely.
Related news has reported that traffic has resumed on the Chiba-Togane Road, while closures continue on sections of the Ken-o Expressway and Joban Expressway.