Concerns over an escalation of fighting in the Middle East receded, while lower oil prices and declining U.S. interest rates improved investor sentiment. At the midday close, the Nikkei 225 stood at ¥66,227.55 and TOPIX at 4,118.44, while some AI-related stocks recovered.
The Nikkei 225 started the morning session lower than the previous day's close, but some AI-related stocks recovered, providing broad support against a backdrop of improving investor sentiment. At the midday close, the Nikkei 225 stood at ¥66,227.55 and TOPIX at 4,118.44, with the stock indexes trading in positive territory.
Across the market, easing concerns over an escalation of fighting in the Middle East prompted declines in oil prices and U.S. interest rates, and most stocks on the Prime Market were at times trading higher. Some AI-related stocks, however, remained weak at times amid profit-taking and a lack of catalysts.