The Nikkei average rebounded for the first time in 5 sessions. Buying spread to AI-related semiconductor stocks against the backdrop of gains in US equities, while concerns over elevated oil prices and rising tensions between the US and Iran also persisted. Kobe Bussan rose on benefits from a stronger yen, and expectations for an FOMC rate hike and a hold were evenly balanced.
In the Tokyo market on 4 September, the Nikkei Stock Average ended higher for the first time in 5 sessions. Trends in the US stock market are believed likely to have a significant impact on the market going forward.
Many reports attributed the buying in AI-related semiconductor stocks to gains in US equities. Although no specific stocks are named in the article, buying interest focused on the AI sector appears to have been driven by expectations for expanding demand.
Elevated oil prices and rising tensions between the US and Iran were cited as risk factors, spreading caution among investors.
Some stocks, including Kobe Bussan, rose on benefits from a stronger yen. Foreign-exchange trends appear to be affecting individual stocks.
Views were presented that expectations for a Federal Open Market Committee (FOMC) rate hike and a hold were evenly balanced, making future monetary policy a key focus.