In Japan markets on the 10th, the Nikkei Stock Average recovered the 60,000 level. Buying on dips in semiconductor-related stocks in the US market and falling crude oil prices provided support, while bonds declined and the yen traded at around ¥158 to the dollar.
Japanese stocks rose sharply on the 10th, with the Nikkei Stock Average recovering the 60,000 level.
Investor sentiment improved as buying on dips in semiconductor-related stocks continued in the US market, while a further decline in crude oil prices also pushed up the market. Bonds declined and interest rates rose, while the yen traded at around ¥158 to the dollar.
Regarding AI-related stocks, concerns remain about tighter regulation and a slowdown in capital investment amid views that Democrats scored a sweeping victory in the US midterm elections. However, buying emerged on the perceived undervaluation of the stocks, suggesting that the correction had run its course. The SOX rose 6.9% on the 9th, while the S&P 500 posted its sharpest gain since April.