The Tokyo stock market continued to trade near its highs in the afternoon, with AI- and semiconductor-related stocks bought as the morning trend continued. The Nikkei opened higher, and the percentage of advancing stocks across the Prime Market remained high.
The afternoon Nikkei started near its highs at ¥63,254.91, up ¥1,065.26 from the previous day, with buying of AI- and semiconductor-related stocks remaining dominant as in the morning and pushing up the market. The morning close was ¥63,381.29, up ¥1,191.64 from the previous day, marking a sharp rebound. The Nikkei briefly rose to a level more than ¥1,400 higher.
TOPIX rose 23.19 points to 3,996.17, with 45% of stocks advancing. Trading remained active, with volume at 987.67 million shares and trading value at ¥3.4242 trillion. By sector, real estate, pharmaceuticals and land transportation declined, while nonferrous metals, electrical appliances, glass and ceramics products rose.
At the open, the Nikkei began its rebound at ¥62,569.08, up ¥379.43 from the previous day. Buying was reportedly spreading to some AI- and semiconductor-related stocks, against the backdrop of gains in US technology stocks.