The Nikkei 225 rose more than ¥2,000 at one point as buying on the dip progressed after the sharp fall at the end of the previous week. Concern over the outlook for AI-related stocks remained strong, and the index closed at ¥58,775.50.
In Tokyo trading on the 9th, the Nikkei 225 briefly rose more than ¥2,000 from the previous weekend's close. The move was reportedly driven by buybacks following the sharp decline at the end of the previous week.
The Democratic Party's victory in the US midterm elections and concerns about the outlook for AI-related investment were cited as factors, while buybacks focused on semiconductor-related stocks supported the overall gain. It was also reported that caution over the outlook for AI-related companies remains strong.
The Nikkei 225 closed about ¥1,300 higher than at the end of the previous week at ¥58,775.50. The future direction of share prices is seen as depending on how concerns over AI-related stocks develop, and close monitoring is expected to continue.