On 1 October, the Nikkei 225 rose approximately ¥2,200 from the previous day to recover to the ¥68,000 range. Buying spread across a broad range of stocks, led by AI and semiconductor-related names, while the weaker yen also provided support.
In the Tokyo market on 1 October, the Nikkei 225 surged, rising more than approximately ¥2,200 from the previous day to recover to the ¥68,000 range. The index extended its gains during trading hours, with buying spreading mainly across AI and semiconductor-related stocks.
Buying also spread to export-related stocks following gains in U.S. technology stocks, while expectations for improved earnings at exporters amid the weaker yen supported the market. Continuing the previous day's trend, the market expanded its gains into the afternoon.
The yen moved to the low ¥158s per dollar, providing a tailwind for export-related stocks. High U.S. long-term interest rates and caution over the situation in the Middle East are expected to significantly influence market movements as external factors.
Many market participants believe that U.S. monetary policy and long-term interest-rate trends will determine the market's direction going forward. While the concentration of funds in AI and semiconductor stocks is driving the market, periods of increased risk-off selling are also anticipated.