The Nikkei 225 opened the afternoon session up ¥343.72 from the previous day, with gains broad-based across stocks. As concerns over the situation in the Middle East eased, stocks including AI-related names also showed firm performance.
The Nikkei 225 turned higher in the morning session and began afternoon trading up ¥343.72 from the previous day. The index traded around ¥66,200.15, while some AI-related stocks staged a recovery in the morning and the market as a whole remained firm.
By the morning close, the Nikkei 225 had gained ¥371.12 to finish at ¥66,227.55, while the TOPIX rose to 4,118.44. Concerns over an escalation of fighting in the Middle East receded, while lower crude oil prices and US yields supported investor sentiment. 70% of stocks rose and 26% fell.
As of 10:09 a.m., the Nikkei 225 was moving narrowly. Some AI-related stocks, including semiconductor, electronic component and wire-and-cable names, were weak, but the market overall remained solid, with 70% of stocks on the Prime Market rising.
At one point after the opening, the Nikkei 225 was down ¥251.94 from the previous day, but overall, firm trading continued, centered on AI-related stocks. Market participants were reportedly taking a wait-and-see approach to developments during the day.