The Nikkei closed at ¥69,946 in Tokyo trading on the 5th, up ¥1,637 from the previous weekend, and briefly rose above ¥70,000 during the session for the first time in three months. The recovery in AI and semiconductor stocks is pushing the market higher.
The Nikkei Stock Average ended Tokyo trading on the 5th at ¥69,946, up ¥1,637 from the previous weekend, and briefly rose above the ¥70,000 milestone during the session. The backdrop was a gradual stabilization in AI-related and semiconductor stocks after their recent volatility.
As the market entered a new quarter, profit-taking by institutional investors, which tends to weigh on share prices, eased. This is believed to have encouraged rotational buying centered on AI and semiconductor stocks, pushing the Nikkei higher.