The Nikkei 225 in Tokyo temporarily rose more than ¥400 following gains in U.S. stocks. Buying in AI-related stocks lifted the index, while elevated crude oil futures and rising long-term interest rates at times weighed on the market's upside.
The Nikkei 225 was temporarily up more than ¥400 as of 10:11 a.m., extending its gains from the previous day. Buying in AI-related stocks lifted the market.
The index opened slightly lower, down ¥27.49 from the previous day at ¥66,104.49, but rebounded and turned modestly higher. With few fresh catalysts, buying and selling were mixed.
Crude oil futures remained elevated amid uncertainty over the situation in the Middle East, while some said long-term interest rates in Japan and the U.S. could rise on inflation concerns. This was seen as a factor capping stock prices.