On the 2nd, the Nikkei average in the Tokyo market traded in the low ¥68,000 range, around ¥700 below the previous day. Electric wire stocks, including Fujikura, which is involved in optical fiber, were firm on expectations for expanding AI- and semiconductor-related demand.
In the Tokyo stock market on the 2nd, the Nikkei average was around ¥700 below the previous day's level and traded in the low ¥68,000 range during the session.
As expanding demand related to AI and semiconductors remained in focus, electric wire stocks performed relatively firmly. Buying was particularly evident in electric wire stocks including Fujikura, which operates an optical fiber business.
The day's moves indicated that expectations for expanding AI- and semiconductor-related demand supported some electric wire stocks, while volatility driven by other factors may continue.
The market is expected to continue focusing on crude oil trends, AI-related stocks and global supply-demand conditions.