The Nikkei Stock Average extended its gains, ending ¥2,203 higher than the previous day at ¥68,956. AI- and semiconductor-related stocks were bought following Micron’s strong earnings, with some stocks posting sharp gains.
In the Tokyo stock market on the 1st, the Nikkei Stock Average extended its gains, ending ¥2,203, or 3.3%, higher than the previous day at ¥68,956. It recovered to the ¥68,000 range for the first time in 1.5 months, since 17 August.
2 U.S. Micron Technology’s strong earnings prompted buying in artificial intelligence (AI)- and semiconductor-related stocks.
3 In terms of individual stocks, Lasertec rose about 11% and Ibiden gained about 9%. Advantest, Tokyo Electron and SoftBank Group also contributed to the Nikkei Average’s rise.
4 This article contains information for members, but the facts presented in the text include the Nikkei Average’s rise, movements in individual stocks and Micron’s earnings as a contributing factor.