The Nikkei was up about ¥400 at the opening, with buying-back activity focused on AI and semiconductor-related stocks.
The Nikkei rose about ¥400 at the opening on the 3rd. Investors stepped up buying-back activity, primarily in AI and semiconductor stocks.
The three major U.S. indexes all rose the previous day as expectations for interest-rate hikes weakened, and that trend spilled over into the Japanese market. Buying has also become evident in related stocks beyond AI and semiconductor issues.
Some market participants remain cautious about recovering the losses from the 2nd, while others say many investors are staying on the sidelines ahead of the 30-year Japanese government bond auction during trading hours.
The Nikkei is expected to remain susceptible to fluctuations depending on developments in the U.S. market and the outlook for interest rates and government bonds.