The Nikkei average rose more than ¥1,000 at one point and was trading in the ¥66,000 range. Buying of AI and semiconductor-related stocks was reported to have led the market.
The Nikkei average rose by more than ¥1,000 at one point and remained in the ¥66,000 range toward the end of trading. The rapid recovery is believed to have been driven by strong caution over the recovery in demand for high-tech products.
AI-related and semiconductor-related stocks are said to have prompted investors to buy, with reports indicating that funds flowed into these groups of stocks.
There have been suggestions that the move was based on reporting by The Yomiuri Shimbun, the source of the article.