In the Tokyo stock market on the 6th, the Nikkei average extended its gains, rising ¥737.12 from the previous day to ¥70,683.98. Buying focused on AI-related stocks, bringing the closing price back into the ¥70,000 range.
In the Tokyo stock market on the 6th, the Nikkei Stock Average rose ¥737.12 from the previous day to ¥70,683.98, returning to the ¥70,000 range at the close for the first time in 3 months. Although there were few new positive catalysts for buying, investment in AI-related stocks continued.
Buying focused on semiconductor manufacturing equipment stocks and other AI-related names, pushing the market higher. At the same time, trading value across the Prime Market was sluggish, prompting some to suggest that short-term buying, particularly by individual investors, supported the market.
Market participants said investment appetite for AI-related stocks, including companies expected to report strong earnings, remained firm, while others noted that overall trading value was limited. Future market direction was viewed as depending on the earnings outlook for AI-related stocks and the flow of funds across the broader market.