In Tokyo trading, the Nikkei 225 rebounded on short covering in AI-related stocks, but gains faded after the initial rally. Moves reflecting weekly factors were also seen toward the end of the session, while the TOPIX was also closely watched.
In Tokyo trading, the Nikkei 225 ended at 61142.35 yen, up 322.99 yen from the previous day. The intraday high rose to 61902.50 yen, but gains faded somewhat toward the end of the session.
During the first half of trading, short covering in AI-related stocks progressed, with market observers saying that Nvidia’s after-hours share price performance and Applied Materials’ outlook supported investor sentiment.
In the afternoon, gains in leading AI stocks narrowed, and South Korea’s Kospi also briefly fell into negative territory. Some market participants said that awareness of week-end factors and uncertainty weighed on the market.
Trading value on the TSE Prime Market was ¥8.408249 trillion. The TOPIX stood at 3941.57 points, and the Nikkei 225 settled at 61142.35. Emerging markets fell for a second consecutive session, and the performance of growth stocks also warranted attention.