The Nikkei Average opened about 400 points higher today. Buying has spread, centered on AI and semiconductor stocks, and the market is expected to continue following the trend in the US market.
The Nikkei Stock Average opened about 400 points higher today, with buying returning, particularly in AI and semiconductor stocks. Following its sharp decline the previous day, the market appears to have entered a rebound phase. Market participants say many investors are taking a wait-and-see approach, with an auction of 30-year Japanese government bonds scheduled during today's trading session.
In the US market, the three major indexes all rose the previous day as expectations for interest-rate hikes weakened, and that trend has spread to the Japanese market. Buying was particularly notable in AI- and semiconductor-related stocks, supporting the overall market's resilience.
Some investors remain cautious, however, and market participants say this is restraining intraday price movements. The course of afternoon trading could vary depending on developments in the foreign exchange market and long-term Japanese government bonds.