In the Tokyo stock market during the morning session on the 21st, the Nikkei 225 rebounded in line with higher U.S. stocks, with its gain exceeding ¥1,100. Positive sentiment toward U.S. SpaceX’s earnings and buying in AI and semiconductor stocks spread, with the Nikkei 225 reaching the ¥65,200 range at one point.
The Nikkei 225 began the morning session on the 21st with a rebound, rising approximately ¥1,100 from the previous day and extending its gains into the ¥65,200 range. The U.S. Dow rebounded, and buying spread across a wide range of stocks in response to moves in Dow and Nasdaq futures. The trend of higher U.S. stocks also continued in after-hours trading during Japan’s overnight hours.
U.S. SpaceX’s results for July–September 2026 showed revenue above market expectations and indicated that quarterly net income was expected to turn profitable for the first time since listing. The company’s stock was reported to have risen sharply in after-hours trading, providing a catalyst for buying in AI-related stocks.
In the domestic market, buying spread to leading AI and semiconductor stocks such as Advantest and Kioxia, pushing the Nikkei 225 higher. TOPIX also began trading with a rebound, and buying appetite increased across the Japanese market.
Regarding SpaceX, Musk, the CEO, explained on the 20th that a special committee had been established to discuss integrating its management with Tesla. Reports that suppliers of semiconductor manufacturing equipment and other products were accelerating deliveries to the planned mass-production facility “Terafab” also supported expectations for earnings growth at related companies.