The Nikkei 225 extended its gains on the Tokyo stock market on the 13th, closing the morning session ¥1,085 higher than the previous day at ¥68,609. Buying in closely watched AI and semiconductor stocks pushed the market higher. The gain briefly exceeded ¥1,200, lifting the index into the ¥68,000 range.
The Nikkei 225 extended its gains on the Tokyo stock market on the 13th, closing ¥1,085 higher than the previous day at ¥68,609. The gain briefly exceeded ¥1,200, lifting the index into the ¥68,000 range during trading hours. Views spread that buying in AI and semiconductor stocks had supported the market.
US inflation indicators were in line with market expectations, leading to a retreat in expectations for an early US rate hike. Against this backdrop, funds flowed back into the Japanese market, following the previous day’s gains in technology stocks.
After AI and semiconductor stocks plunged toward the end of June, funds were reallocated and expectations for a Goldilocks economy attracted the attention of market participants.