On the 9th, Tokyo stocks rose broadly, with the Nikkei Stock Average up ¥1,340.73 from the previous day at ¥58,775.50, its first rise in 6 trading days. Buying back AI- and semiconductor-related stocks pushed up the market.
On the 9th, the Nikkei Stock Average closed at ¥58,775.50, up ¥1,340.73, or 2.33%, from the end of the previous week, rising for the first time in 6 trading days. Most stocks on the TSE Prime Market rose, producing a broadly higher market.
Against the backdrop of the previous day's rebound in the Nasdaq Composite Index, AI- and semiconductor-related stocks with a large contribution to the Nikkei, including Advantest and Tokyo Electron, were bought back in the Tokyo market. This increased buying appetite across the market.
On the 6th, the Nikkei fell by more than ¥3,600 in the US market after concerns spread over regulations affecting data-center development and AI development following the midterm election results, but broad-based buying entered the market on the 9th as a reaction to that decline.
The TOPIX rose 110.17 points to 3,818.16, supporting the broadly higher market.