The Nikkei Average rose ¥225 from the previous day, with AI-related stocks and wire and cable stocks leading the market. The market maintained its rebound despite rising crude oil prices.
In the Tokyo stock market, the Nikkei Average rose approximately ¥225 from the previous day. AI-related stocks and wire and cable stocks led the market, with buying prevailing and supporting the market. The stocks included companies with AI-related themes and wire and cable sector stocks dealing in high-performance materials, which helped push the broader market higher.
The market maintained its rebound even as crude oil prices were reported to be rising. Energy-resource-related trends drew investors’ attention, while buying prompted by AI stocks and wire and cable stocks supported the market’s overall resilience. Although uncertainty had not been completely dispelled, short-term buyback activity continued.