In the morning session of the Tokyo stock market, the Nikkei rebounded sharply and recovered the ¥70,000 level. AI-related stocks supported the market, while easing expectations for US rate hikes on the back of weak US employment data was viewed positively.
In the morning session of the Tokyo stock market, the Nikkei rose sharply, gaining 2.53% from the previous day to ¥70,037.61, up ¥1,728.15. Gains expanded after the open, reaching as much as 2.58%, or ¥70,072.13.
Buying returning to AI and data-center-related stocks was cited as a driver of the market's rise, and trading in individual stocks was also active. Advantest at one point updated its all-time high for the third consecutive session.
On the TSE Prime Market, rising stocks outnumbered falling stocks, and the TOPIX ended the morning session at 4,138.57 points, up 1.16%. Total market trading value was ¥3.753838 trillion.
Twenty-five sectors, including electrical equipment, glass and ceramics products, and precision instruments, rose, while 8 sectors, including marine transportation, oil and coal products, and electricity and gas, fell. Market attention is focused on future developments amid the outlook for Japanese and US interest rates and the progress of the earnings season.