In the Tokyo stock market on the 28th, the Nikkei average extended gains, closing at ¥63,954.19, up ¥685.82 from the previous day. Concerns over the growth prospects for artificial intelligence eased, and buying was dominant, particularly in related stocks.
In the Tokyo stock market on the 28th, the Nikkei Stock Average (225 issues) extended gains, closing at ¥63,954.19. It rose ¥685.82 from the previous day, amid a view that concerns over the growth prospects for AI businesses had eased for the time being.
The Tokyo Stock Price Index (TOPIX) fell 5.66 points to 3,991.71, with trading volume at 2.3821 billion shares. Related stocks including Tokyo Electron, a major semiconductor manufacturing equipment maker, rose sharply and drove the broader market higher.
Favorable reactions to earnings from U.S. semiconductor companies supported the view that concerns over slowing growth in the AI business had eased, while technology stocks rose in the U.S. equity market. Buying of semiconductor-related stocks was dominant in the Japanese market as well.