Tokyo stocks rose for a second straight session at the start of the week, with buying spreading, particularly among AI-related stocks. The morning close recovered to ¥66,460.11.
Tokyo stocks rose sharply on the morning of the 7th, recording a substantial one-day gain from the previous day. Buying spread, centered on semiconductor stocks, while trading in AI-related stocks was also active.
The morning close was ¥66,460.11, up ¥1,439.17 from the previous Friday's close, while the Tokyo Stock Exchange Stock Price Index, TOPIX, rose 25.30 points to 4,128.53. The trend appears to have been influenced by growing awareness in U.S. equity markets of the resilience of demand related to AI.
In the local market, price movements in high-priced stocks such as SoftBank Group pushed up the broader market, while buying in AI-related stocks provided a key source of support. Buying following the previous Friday's moves in U.S. stocks reportedly spread to the domestic market as well.
Developments in U.S. markets and movements in AI-related stocks are expected to remain key areas of focus, and investors are reported to be watching developments in the AI-related sector.