As WITZ surged, reports that a domestic securities firm had initiated coverage on TIER IV were viewed as a catalyst, prompting renewed buying in autonomous-driving-related stocks.
The 27 August electronic edition of The Nikkei reported that Toyota Motor had announced it would begin offering autonomous-driving functionality in consumer passenger cars from 2028, which was viewed as a catalyst. This prompted renewed buying in autonomous-driving-related stocks, with the initiation of coverage on TIER IV attracting particular market attention.
WITZ surged following the initiation of coverage on TIER IV.
Related stocks including Dynamic Map Platform and Morpho also reached highs, and autonomous-driving-related stocks strengthened overall.
The market has seen short-term price movements in autonomous-driving-related stocks, and some have pointed to the possibility that the impact of related news will continue.