The Nikkei average edged higher in the morning session, with AI and semiconductor stocks supporting the market. The TOPIX, meanwhile, remained subdued.
The Nikkei average was ¥66,445.13 in the morning session, up 0.07% from the previous day. Selling prevailed early on as investors reacted negatively to the stronger yen and rising oil prices, but buying to cover earlier selling also emerged as trading progressed.
AI-related and semiconductor stocks supported the market, while stock selection helped the Nikkei maintain its modest gains. The TOPIX remained subdued even as the Nikkei average rose.
Price movements were limited during the morning session, and the Nikkei continued to be driven by the performance of major financial and export-related stocks.