The Nikkei rose more than ¥2,000 to close at ¥68,956, recovering to the ¥68,000 range for the first time in approximately 1.5 months. Buying of AI and semiconductor-related stocks led the market.
The Nikkei Stock Average ended at ¥68,956, up ¥2,203 from the previous day. It had not closed above ¥68,000 for approximately 1.5 months. The inflow of funds into AI and semiconductor-related stocks is viewed as having lifted the market.
Market participants analysed that funds flowed into AI and semiconductor-related stocks against the backdrop of Micron's strong earnings and the yen's depreciation. This reportedly attracted buying in stocks across related sectors and lifted the broader market.
Toys“R”Us Japan has filed for civil rehabilitation, with liabilities reported at ¥13.226 billion. A prolonged loss-making structure is cited as having continued compared with the peak sales scale of the early 2000s.
With crude oil prices approaching $120, some market participants are concerned about the risk of a future stock-market decline. Investors are watching developments in crude oil prices and ongoing macroeconomic factors.