On 13 November, the Nikkei average rebounded, gaining ¥322.99. Short-covering flowed into AI- and semiconductor-related stocks, but gains were limited in the afternoon.
The Nikkei average traded firmly in the morning, supported by short-covering in AI- and semiconductor-related stocks. At the close, it was ¥322.99 higher than the previous day at ¥61,142.35, with estimated trading volume of 2,540,920,000 shares and estimated trading value of ¥8.4082 trillion.
Advantest, Tokyo Electron and Disco rose, while Fast Retailing, Nintendo and SMC also gained. In contrast, some semiconductor-related stocks and electronics-sector stocks declined. The Nikkei briefly rose into the ¥61,900 range, but the upside became heavy in the afternoon and gains were limited.
The impact of caution following reports in the previous day’s US market that the CEO of semiconductor giant NVIDIA would resign was limited, and short-covering dominated in Tokyo. However, a wait-and-see stance strengthened ahead of the weekend, narrowing the market’s overall gain in the afternoon.
Across the market, rising stocks accounted for approximately 56% of the total, 619 stocks fell and 55 were unchanged, indicating divergence among stocks. Future market developments may be influenced by information released on the same day and external factors.