The Nikkei Stock Average rose more than ¥1,000 at one point to recover the 66,000 level. The rise was driven by gains in AI and semiconductor stocks in the U.S. market and a decline in crude oil futures.
The Nikkei Stock Average rose today as buying spread in reaction to two consecutive days of declines, with its intraday gain briefly exceeding ¥1,000 and recovering the 66,000 level.
In the Japanese market, semiconductor-related stocks are being bought, particularly after AI and semiconductor-related stocks rose in the U.S. market on the 29th.
The decline in crude oil futures is also seen as a factor supporting share prices. Meanwhile, some say it is difficult to be optimistic amid expectations that the Bank of Japan's pace of rate hikes will accelerate.