The Nikkei 225 briefly recovered to the 70,000 range in the Tokyo stock market. Expectations of a U.S. rate hike receded after the September U.S. employment report came in below expectations, and AI- and semiconductor-related stocks were bought.
On the 5th, buy orders expanded in the Tokyo market, and the Nikkei 225 briefly recovered to the 70,000 range. The index traded above 70,000 during market hours and remained up more than 1,700 yen from the previous day.
In the September employment report released by the U.S. Department of Labor, nonfarm payrolls fell short of market expectations, prompting a broader view that expectations of an early rate hike by the Federal Reserve would recede along with concerns about an economic slowdown.
Buying progressed mainly in stocks with a large impact on the Nikkei 225, including AI and semiconductor-related names.
Although the market's future direction remains uncertain, attention is focused on movements in leading economic indicators.