In the Tokyo stock market on the 10th, the Nikkei recovered the ¥60,000 closing level for the first time in 3 trading days, ending at ¥64,059.58, approximately ¥1,684 higher than the previous day. The move was driven by short covering in U.S. markets and lower crude oil prices.
In the Tokyo stock market on the 10th, the Nikkei Stock Average rose approximately ¥1,684 from the previous day, closing at ¥60,459.58 and recovering the ¥60,000 level for the first time in 3 trading days. In the U.S. market the previous day, short covering spread mainly across AI- and semiconductor-related stocks, and the Dow rose more than $1,100.
A decline in concerns about the resumption of fighting in the United States and the sharp fall in crude oil prices also supported the market. Buying spread across a wide range of stocks in the Tokyo market, particularly semiconductor-related issues, pushing share prices higher. At the same time, caution regarding the outlook for AI-related companies remains firmly in place.