Tokyo stocks rose for a third straight session. The Nikkei ended sharply higher, supported by a recovery in AI-related stocks, amid views that expectations for an acceleration in rate hikes had receded following the Bank of Japan's Monetary Policy Meeting. The Nikkei closed up ¥882.70 from the previous day at ¥65,018.95, while the TOPIX edged lower.
The Nikkei rose sharply from the previous day, marking its third consecutive gain. A recovery in AI-related stocks improved market sentiment, while the reaction in the futures market also prompted buying. It was also reported that views that expectations for an acceleration in rate hikes had receded following the Bank of Japan's Monetary Policy Meeting helped increase investors' risk appetite.
By sector, nonferrous metals and electrical appliances rose, while electricity and gas, oil and coal products, fisheries, agriculture and forestry, and marine transportation declined. Overall, 33% of stocks advanced and 65% declined.
Standard TOP20 edged lower, trading volume in the Standard market was slightly above 500 million shares, and Growth 250 and Growth Core extended their gains in the Growth market, according to reports. Total trading volume was approximately 2.8 billion shares, while trading value reached approximately ¥10.3969 trillion.
In summary, as the previous day's effects lingered, the recovery in AI-related stocks became the market's focus, with price movements differing across stocks. Views have been reported that AI-related stock movements and the Bank of Japan's policy decisions will continue to affect the market.