The Nikkei Average started its fourth straight advance in Tokyo on the 12th and remained firm compared with the previous day. However, concerns surrounding reports of NVIDIA CEO Huang's dismissal temporarily restrained buying, at times narrowing the gain.
The Nikkei Average opened at ¥61,475.11 on the 12th, up ¥226.52 from the previous day, marking its fourth straight advance. It was above the previous day's close of ¥61,248, as buying of AI-related stocks spread to semiconductor-related stocks.
In the previous day's US stock market, the Nasdaq rose by more than 1.5% and the SOX rose by around 5%. Buying of AI- and semiconductor-related stocks dominated the Tokyo market, but investor sentiment temporarily cooled when reports of NVIDIA CEO Huang's dismissal emerged, narrowing the gain.
Overnight futures on the Osaka Exchange were bought up to ¥62,020, limiting the size of the opening gain. The caution prompted by the dismissal reports became a factor weighing on the market's upside.
By sector, oil products, real estate, other products and marine transportation rose. The yen weakened to the upper ¥159 range against the dollar, supporting export-related stocks. Among individual stocks, SoftBank Group, Shin-Etsu Chemical and Fast Retailing drove the market higher, while Advantest, Recruit Holdings and Ibiden declined.