The Nikkei Average rebounded in the Tokyo stock market on the morning of the 9th, with the morning close ¥1,976.57 above the previous weekend's close at ¥59,411.34. Buying spread across a wide range of stocks, led by AI and semiconductor stocks, against the backdrop of gains in US equities.
The Nikkei Average rebounded in the Tokyo stock market on the morning of the 9th, closing ¥1,976.57, or 3.44%, above the previous weekend's close at ¥59,411.34. At the morning close, the index had at one point risen by more than ¥2,000.
In the US market last week, the Dow fell while the Nasdaq Composite rose. Buying returned to AI-related stocks amid moves by Democrats viewed as supportive of AI regulation and easing concerns over data center construction.
In the domestic market, 1,483 stocks on the TSE Prime Market rose, accounting for 95% of the total, as buying spread across stocks including AI and semiconductor-related names. Among individual stocks, Advantest, Tokyo Electron and Fujikura rose sharply, while Lasertec and Disco also gained. Fast Retailing, Recruit and Toyota also attracted notable buying. SoftBank Group and Mitsui Fudosan fell, while JT faced selling pressure following information related to Russia.
At the morning close, estimated trading value on the TSE Prime Market was ¥4.2035 trillion and trading volume was approximately 1.33023 billion shares. The TOPIX also rebounded, closing the morning at 3,834.83 points, up 3.42%, while the JPX Prime 150 Index also rebounded. Some market participants said views were divided between caution over an AI bubble and the perception that valuations were attractive, while others said the market's future direction warranted attention.