The Nikkei Stock Average opened about ¥596 higher in morning trading, and buying of AI-related stocks pushed up the market. Gains in U.S. stock futures and moves in the South Korean market also supported stocks, widening the advance.
The Nikkei Stock Average opened ¥596.78 higher than the previous day at ¥59,372.28, marking a sharp rebound as buying spread, particularly in high-priced AI and semiconductor-related stocks. Buying also spread to related stocks in the Tokyo market, following the trend in U.S. markets.
In morning trading, the Nikkei Stock Average at one point rose to more than ¥1,800 above the previous day's level. Active trading in AI-related stocks pushed up the market overall and supported its upward trend.
Market participants believe that gains in U.S. stock futures and the performance of the KOSPI contributed to the Nikkei's rise, with buying of AI and semiconductor-related stocks at the center of the market advance.
Overall, AI-related stocks, particularly high-priced shares, led the market, and the Nikkei Stock Average showed signs of recovering the ¥60,000 level.