The Nikkei Stock Average closed the morning session of the Tokyo stock market on the 28th at ¥66,682.88, up more than ¥550 from the previous day. Buying in some AI and semiconductor-related stocks pushed up the market, while the rising trend in long-term interest rates at times limited the gains.
Following strong earnings from a major semiconductor company in the US market, buying focused on AI-related and semiconductor stocks spread to the Nikkei average. During the morning session, some AI and semiconductor-related stocks were bought and acted as the main drivers of the market.
The Nikkei average closed the morning session at ¥66,682.88, up ¥550.90 from the previous day. Against the backdrop of moves in US semiconductor stocks, major Japanese market indexes continued to rise.
Meanwhile, the Nikkei average's gains narrowed at times as Japan's long-term interest rates again showed an upward trend. Some market participants believe that interest rate trends will affect the market's future direction.