At the open of the Tokyo market on the morning of the 22nd, the Nikkei Average moved in a narrow range and briefly rose as much as ¥200 while trading around the previous day's close. Developments in AI and semiconductor-related stocks and caution over the Middle East situation influenced the market.
At the open of the Tokyo market on the morning of the 22nd, the Nikkei Average moved in a narrow range around the previous day's close of ¥41,261. Buying emerged in related stocks such as Advantest against the backdrop of gains in US semiconductor stocks the previous day, but momentum in AI and semiconductor-related buying slowed later in the session. The Nikkei Average at one point rose by more than ¥200, while tensions in the Middle East also weighed on the market.
In the US market on the 21st, SOX rose nearly 2%, and in early trading on the 22nd Japan time, Meta Platforms was seen rising in after-hours trading ahead of its earnings announcement. This partly supported buying in AI and semiconductor-related stocks in the Tokyo market and helped underpin the Nikkei Average.