The Nikkei 225 rose sharply by more than ¥1,600 at one point in Tokyo trading at the start of the week. Buying flowed into AI-related and semiconductor stocks after US employment data fell short of market expectations, reducing expectations for an additional FRB rate hike.
The Nikkei 225 rose by more than ¥1,600 at one point in Tokyo trading at the start of the week.
US employment data released at the end of last week showed that the increase in payrolls fell far short of market expectations, prompting widespread views that expectations for an FRB rate hike at this month's meeting had receded.
Buying orders were reported to be concentrated on AI and semiconductor stocks.