The Tokyo market remained range-bound, with buying spreading mainly across technology stocks. The Nikkei Average traded near the day's high relative to the previous day, as AI and semiconductor-related stocks lifted the market.
As of 13:40, the Nikkei Average was range-bound in the low ¥63,000s, with continued buying of AI and semiconductor-related stocks supporting the market. The rise in the KOSPI was also a positive factor.
At the start of the afternoon session, the Nikkei Average maintained its momentum from its sharp advance and traded at a high level relative to the previous day. Buying of AI and semiconductor-related stocks dominated, stimulating price movements across the market.
At the close of the morning session, the Nikkei Average was up ¥1,191.64 from the previous day, marking a sharp rebound. AI and semiconductor-related stocks were bought on the back of gains in U.S. technology stocks, lifting the market. Defensive domestic-demand stocks, meanwhile, faced profit-taking.
Trading volume on the Nikkei Average was 987.67 million shares, with trading value of ¥3.4242 trillion. By sector, nonferrous metals, electrical equipment, and glass and ceramics products rose, while real estate, pharmaceuticals and land transportation declined.