At the opening of the afternoon session on the 29th, some AI-related stocks fell and the Nikkei 225 opened slightly lower. AI and semiconductor stocks subsequently pushed the market higher at times, but some issues lost momentum amid the impact of earnings results from South Korean companies.
At the opening of the afternoon session on the 29th, the Nikkei 225 opened up ¥172.06 from the previous day at ¥64,126.25, supported by gains in AI- and semiconductor-related stocks. However, upside momentum weakened toward the middle of the session, and overall moves remained limited.
At the morning close, the Nikkei 225 was up ¥177.09 from the previous day at ¥64,131.28, while the TOPIX was down 11.82 points at 3,979.89. Trading volume was 1.03046 billion shares, and turnover was ¥4.475 trillion. By sector, mining, electric power and gas, and pharmaceuticals rose, while electrical equipment, machinery, and fabricated metal products fell.
As of 10:05 a.m., market participants said AI and semiconductor stocks were being bought primarily, and that the Nikkei 225 was showing a firm performance despite limited upside. There was also a reaction to the earnings results of South Korea’s Samsung Electronics, and some observers believed that moves in certain stocks would remain limited.