The Nikkei extended its gains on the TSE during the morning of the 12th. Buying in AI and semiconductor-related stocks lifted the market, although it briefly fell following a report concerning the U.S.
The Nikkei 225 stood at ¥61,714.16 in Tokyo morning trading on the 12th, up ¥465.57 from the previous day's close, extending its gains. Following the lead of AI-related stocks in the U.S. market, buying in AI and semiconductor-related names also lifted the Nikkei in Tokyo.
Some Tokyo stocks were affected in after-hours trading after the U.S. WSJ online edition reported that Nvidia's CEO was being dismissed, and some stocks turned lower at one point. Even so, views that industry AI demand would remain strong persisted, and some said downside was limited.
The TOPIX also extended its gains at the midday close, standing at 3,958.22 points. Estimated trading value on the TSE Prime Market was ¥4.231 trillion, and trading volume was 1.15644 billion shares. The Nikkei's gain came close to exceeding ¥500 at one point. Many of the gainers, including Fast Retailing, Shin-Etsu Chemical, and TDK, were related to AI and semiconductors, while Recruit, Advantest, and Bandai Namco Holdings fell.
Following movements in the major indexes at the midday close, the JPX Prime 150 Index extended its gains to 1,652.12 points. Developments in the SOX Index and news concerning the Middle East also influenced the market, while strength in AI and semiconductor-related stocks supported the market overall.