In Tokyo trading on the morning of the 9th, the Nikkei 225 rebounded and closed the morning session at ¥59,411.34, approximately ¥1,977 higher than at the end of the previous week. Gains expanded gradually after the open, with the index rising by more than ¥2,000 at one point during trading.
The Nikkei 225 rebounded on the morning of the 9th and stood at ¥59,411.34 at the midday close, up ¥1,976.57, or 3.44%, from the end of the previous week. Its gain temporarily exceeded ¥2,000 during trading.
The index opened at ¥57,960.70 and expanded its gain to more than ¥700 shortly after the open. This reflected the spillover from firm performance by technology stocks in the US equity market.
The sharp fall at the end of the previous week was attributed to concerns about AI-related investment following the US midterm election results, but reports indicated that buying of semiconductor-related stocks in the US market subsequently spread to Tokyo. Buying was led by AI- and semiconductor-related stocks.
Market participants are said to remain deeply cautious about the outlook for AI-related companies, and attention is focused on afternoon trading. The market's response to AI- and semiconductor-related developments was cited as a defining feature of market conditions.