The Tokyo stock market saw the Nikkei trade in the upper part of its range in the afternoon, while TOPIX turned positive. As AI-related stocks continued to provide an upward push, Advantest and Tokyo Electron, among others, supported the market.
The Nikkei Stock Average traded in the upper part of its range, while the Tokyo Stock Exchange Stock Price Index (TOPIX) also turned positive in the afternoon session. Supported by gains in AI-related stocks, Advantest and Tokyo Electron were among the stocks that stood out, while non-AI-related stocks such as Fast Retailing also staged a rebound.
At the start of the afternoon session, the Nikkei Stock Average opened sharply higher than the previous day, while the morning session close remained firm amid speculation over factors ahead of the Bank of Japan's policy meeting. The Nikkei opened at ¥65,281.88, with buying taking the lead.
At the morning close, the Nikkei was up ¥525.86, or 0.82%, from the previous day at ¥64,662.11, extending its gains. AI-related stocks were bought against a backdrop of gains in U.S. semiconductor stocks, while TOPIX trended lower, and decliners outnumbered advancers across the Prime Market.
As of 10:01 a.m., gains in AI-related stocks, including semiconductors, supported the Nikkei, while TOPIX, after opening slightly higher, temporarily turned negative. Overall, some weakness was also seen among stocks in the Prime Market.