Buying prevailed at the open of Tokyo trading on the 9th, with the Nikkei 225 rebounding, up ¥525 from the previous day at ¥57,960. Against the backdrop of short covering following moves in US equities, attention focused on AI- and semiconductor-related stocks.
Buying prevailed at the open of Tokyo trading on the 9th, with the Nikkei 225 rebounding, up ¥525 from the previous day at ¥57,960. After a risk-off trend continued through European hours, the Nasdaq Composite, which has a high weighting of technology stocks, showed signs of bottoming in US trading. Futures-led gains lifted the broader indices, and buying aimed at a near-term rebound prevailed.
The SOX Index, composed of semiconductor stocks, turned higher with a gain of more than 4%, and investor sentiment in Japan recovered somewhat against the backdrop of moves in US equities. However, the market environment remains uncertain, and attention was focused on whether actual-demand buying would emerge in AI- and semiconductor-related stocks.
The focus going forward is likely to be on futures movements, the sustainability of short covering, and whether actual-demand buying emerges in AI- and semiconductor-related stocks. Market participants are taking a wait-and-see stance on these factors.