The Nikkei 225 rebounded by more than ¥2,000 at one point, recovering from the previous Friday’s sharp decline. On the 9th, it opened at approximately ¥57,960 and rose to around ¥59,411.34 during the morning session.
In the Tokyo stock market on the 9th, the Nikkei 225 rebounded, temporarily rising more than ¥2,000 from the previous Friday’s close into the ¥59,000 range. On the previous Friday, AI- and semiconductor-related stocks fell and weighed on the Nikkei 225 amid views that AI-related investment would be reduced following the Democratic Party’s strong showing in the US midterm elections.
The Nikkei 225 began trading ¥525 above the previous trading day’s close and then extended its gains. It ended morning trading up 3.44% at ¥59,411.34, with more than 90% of stocks on the TSE Prime Market rising.
The article’s author is Fujita Tomonari (藤田知也) of the Economics Department, and it conveys the view that trends in AI- and semiconductor-related stocks and the US market affected trading.
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