Tokyo stocks rose in the afternoon, with the Nikkei 225 up ¥278 from the previous day and rebounding. After a slight decline in the morning session, some AI- and semiconductor-related stocks saw buying return, recovering the earlier losses.
The Nikkei 225 rebounded in the afternoon session, rising ¥278.73 from the previous day to ¥63,762.83. Although the market had been lower during the morning session, some AI- and semiconductor-related stocks saw buying return, bringing the decline to an end.
At the morning-session close, the Nikkei 225 was down ¥88.10 from the previous day at ¥63,396.00. The index opened slightly lower, with selling prevailing against a backdrop of higher oil prices and elevated long-term interest rates. Subsequently, buying on a rebound from the declines through the previous day also emerged, and the TOPIX rose 20.28 points to 4,057.44.
Trading volume was 810.78 million shares, and trading value was ¥3.2816 trillion. By sector, pharmaceuticals, information and communications, and retail declined, while oil and coal products, mining, and electric power and gas rose.
In the broader market, buying returned to some semiconductor-related stocks at the opening of the afternoon session on the 16th, and stocks including those related to artificial intelligence were generally seen attracting buying.