Tokyo stocks rebounded on the back of gains in U.S. equities. The Nikkei 225 briefly rose more than ¥600 in morning trading, while TOPIX also advanced. AI and semiconductor-related shares lifted the market, although a wait-and-see stance spread ahead of Federal Reserve speeches.
Tokyo stocks rebounded, with the Nikkei 225 briefly gaining more than ¥600 in morning trading. Buying driven by gains in U.S. equities led the market higher.
The morning session closed with the Nikkei at ¥66,682.88, while TOPIX stood at 4,152.38 points. Gains in AI and semiconductor-related shares lifted the market.
However, with Federal Reserve Chair Warsh scheduled to speak, investors refrained from active trading and a wait-and-see stance spread.