The Nikkei 225 rose for the fourth consecutive trading day on the 24th, with renewed expectations for AI investment providing a tailwind. Rising US long-term interest rates and trends in the bond market were also cited as market factors.
In Japan’s market on the 24th, the Nikkei 225 rose for the fourth consecutive trading day. Renewed expectations for AI investment were cited as a factor supporting the market.
Meanwhile, the bond market fell sharply, with the 10-year Japanese government bond yield rising 10bp. The move was reportedly driven by intensifying inflation concerns in the US and upward pressure on long-term interest rates.
Commentary attributed these interest-rate movements to the impact of increased investment activity related to AI on investor sentiment.