The Nikkei rebounded in the Tokyo market on the 5th, rising to ¥70,037. Buying was concentrated in AI-related and semiconductor stocks, with Advantest driving the index higher.
In the Tokyo stock market on the 5th, the Nikkei rebounded sharply from the previous weekend, with the morning close at ¥70,037. Against the backdrop of receding expectations for a US rate hike following US equity market movements, investors bought mainly AI-related stocks.
Advantest, a leading semiconductor testing equipment manufacturer, was the main driver of the market's rise and led the Nikkei higher.
Buying also spread to AI-related and semiconductor-related stocks besides Advantest, supporting overall demand for equities.
Following the morning's moves, investors were expected to continue watching developments in AI- and semiconductor-related stocks.