The Tokyo market continued to trade in a high range, with buying in AI-related stocks driving the Nikkei Average higher. The gain at the open was approximately ¥580, and the Nikkei Average remained in the ¥65,600 range.
The Nikkei Average traded in a high range on the day, opening at ¥65,600.42, up ¥579.48 from the previous day, at the start of the morning session. AI-related stocks continued to drive the market, with buying concentrated mainly in technology stocks.
The Tokyo market followed the trend from the U.S. market at the end of the previous week, where favorable developments for semiconductor stocks prompted buying to spread. Some market participants said that gains in AI-related stocks were helping to push the Nikkei Average higher.
Meanwhile, approximately 40% of Prime-listed stocks were lower, while banks, pharmaceuticals, retail and food stocks were soft. With bond yields under upward pressure, particularly in the United States, some market participants said it was unclear whether AI-related stocks could maintain their upward trend.
Market participants are watching the movement closely, and how AI-related stocks develop depending on subsequent reports will be the focus.