In the Tokyo market on the morning of the 29th, the Nikkei Stock Average rose for the first time in 3 sessions, closing at ¥64,431.28, up ¥177.09. A succession of earnings announcements from AI- and semiconductor-related companies moved the market, while expectations also grew for large-scale rebalancing trades.
In the Tokyo stock market on the morning of the 29th, the Nikkei Stock Average rose for a 3rd straight session, closing at ¥64,431.28, up ¥177.09 from the previous day. A succession of earnings announcements from AI- and semiconductor-related companies in Japan, the United States and South Korea caused large swings in the market. With expectations also building for historically heavy trading at the close, the market remained firm after selling ran its course.
Buying led the market in the morning, and results from Advantest and Microsoft above market expectations supported sentiment. Against the backdrop of these corporate results, buying spread, particularly among semiconductor-related stocks.
Market participants are watching for an increase in trading volume related to upcoming rebalancing, with large-scale trading expected to expand toward the close. Overall, earnings from AI- and semiconductor-related companies and rebalancing activity were the main focus.
The article focuses on movements in the Nikkei Stock Average and does not present specific buy or sell signals for individual issues or forecasts for future price movements.