The Nikkei Stock Average rose steadily to ¥64,662.11 at the morning close in Tokyo on the 18th, up ¥525.86 from the previous day. Buying in AI and semiconductor-related stocks was supported by gains in US semiconductor stocks, while value stocks, which had remained firm until recently, saw notable selling.
The Nikkei Stock Average rose for a second straight session in Tokyo on the morning of the 18th, closing the morning session up ¥525.86 at ¥64,662.11.
AI and semiconductor-related stocks were bought on the back of gains in US semiconductor stocks, while a pause in the rises in crude oil prices and interest rates shifted market preferences and intensified selling pressure on undervalued stocks, or value stocks.
The day's movements suggest that the recent market trend has partly changed, with semiconductor-related and AI-related stocks helping drive the market higher.