In the Tokyo stock market on the morning of the 11th, the Nikkei Average opened higher for a third straight session, briefly reaching approximately ¥200 above the previous day's close at ¥60,660, but buying then ran its course and the index at times turned lower by just under ¥100. AI-related developments were also a factor, while SoftBank Group suffered a sharp decline.
The Nikkei Average opened higher for a third straight session in the Tokyo market on the morning of the 11th, briefly rising to approximately ¥200 above the previous day's close. It subsequently turned lower after buying ran its course, at one point falling by more than ¥100. Buying of domestic-demand stocks and others was supported by expectations of improved supply-demand conditions.
The renewed spread of buying in AI stocks was limited, and SoftBank Group began trading sharply lower. Losses at its U.S. AI data centers and shrinking investment returns weighed on the stock, as did the company's earnings announcement. Selling in margin transactions also contributed, while easing supply-demand conditions were in focus.
The stronger-than-expected growth in U.S. CPI on the 10th and expectations of another rise in U.S. long-term interest rates weighed on the market. As some semiconductor-related stocks were sold, movements in semiconductor stocks, particularly Advantest, affected the market as a whole.
The TOPIX also extended its gains. Fast Retailing, Sumitomo Realty & Development, Nexon and Terumo were relatively firm, while Ibiden, Tokyo Electron and Fujikura moved lower.