The Nikkei was up ¥465 at ¥61,714 in morning trading on the 12th. As US AI-related stocks came under increasing pressure, investment funds increasingly moved into shares of general trading companies.
In morning trading on the 12th, the Nikkei Stock Average ended the session at ¥61,714, up ¥465 from the previous day. Although the market lacked a clear direction, trading companies showing firm price action stood out.
Buying entered trading company shares, with ITOCHU Corporation setting another record high since listing. AI-related issues remained under pressure amid reports concerning the dismissal of NVIDIA executives.
In the previous day's US market, AI-related stocks were bought back and the Nasdaq Composite rose 400 points. CoreWeave, which operates data centers, surged 24%, while NVIDIA also rebounded, gaining 3%, and investor sentiment improved.
However, concern over the sustainability of AI infrastructure construction remained strong. Buying of AI-related issues in the Tokyo market was limited, and funds moved into domestic-demand and value stocks.