The Nikkei Stock Average rebounded in Tokyo trading on the morning of the 16th, closing at ¥66,550.68, up ¥1,124.73 from the previous day. The recovery in US equities and broad-based buying of AI-related stocks pushed the gain above ¥1,200 at one point.
The Nikkei Stock Average rebounded in Tokyo trading on the morning of the 16th, ending at ¥66,550.68, up ¥1,124.73 from the previous day. Buying was dominant from the opening, and the Nikkei at one point showed a gain of more than ¥1,200.
Against the backdrop of a recovery in US equity markets, risk appetite also increased in Japan, with buying said to spread across a wide range of stocks, particularly AI-related and semiconductor stocks. Market participants viewed moves in AI-related cloud service stocks as supporting the market.
Some observers said the latest rise reflected a pause in concerns about the recovery in US markets and the sustainability of AI investment, while others pointed out that the Nikkei's gains were often linked to movements in AI-related stocks.)
Facts vector not set?