The Nikkei 225 rebounded sharply in the morning session on buying of semiconductor-related stocks, rising 1.64%, while the TOPIX gained 0.77%. US stocks were modestly lower, leaving external conditions mixed.
The Nikkei 225 rebounded in the morning session, driven by buying of semiconductor-related stocks, rising 1.64%, while the TOPIX gained 0.77%. Among individual stocks, buying interest in semiconductor-related names was a notable factor supporting the market.
US stocks were all modestly lower, with the NY Dow, S&P 500 and NASDAQ declining slightly, and overall external conditions remained mixed. If the rise in Japanese stocks is driven by theme-based buying, a pullback after the exhaustion of market catalysts is also possible.
Going forward, movements in semiconductor-related stocks are expected to remain the market's focus, while attention is likely to center on spillover into other sectors and whether additional catalysts emerge.