The Nikkei 225 extended its gains in Tokyo trading on the morning of the 24th, closing the morning at ¥65,883.41, up ¥864.46 from the previous day. Buying in US semiconductor and AI-related stocks spread to Tokyo Electron, Advantest and other stocks.
The Nikkei 225 widened its gains during the morning, at one point breaking above ¥66,000. Semiconductor and AI-related stocks with a significant impact on the index attracted buying, influencing trading in large-cap stocks including SoftBank Group.
In US equity markets, buying was particularly strong in AI and semiconductor stocks, with the Nasdaq Composite reaching a new high. The rise in the SOX Index also influenced the market trend in Japan.
In the domestic bond market on the morning of the 24th, the long-term interest rate rose to 3.055% at one point, approaching its highest level since August 1996. This put selling pressure on stocks in capital-intensive industries such as electric power and gas utilities and steel.
SoftBank Group, which has a significant impact on the Nikkei 225, rose more than 7% at one point, helped by gains in its subsidiary Arm. It later showed renewed volatility on concerns about interest rates following the announcement of financing through a corporate bond issuance.