The Nikkei 225 recovered to the 68,000 level for the first time in four weeks, with its gain temporarily exceeding 1,200 points. Against a backdrop of slower US CPI growth, AI and semiconductor-related stocks were bought, lifting the market as a whole.
The Nikkei 225 recovered to the 68,000 level for the first time in four weeks, with its gain temporarily exceeding 1,200 points.
The index had risen by approximately 1,900 points over the previous two trading days, with gains continuing mainly among AI and semiconductor-related stocks.
As the growth rate of the US consumer price index slowed for the second consecutive month, expectations for a rate hike later this year weakened, and buying in technology stocks is believed to have spread to the Japanese market.
Market participants said sector rotation was progressing, with buy orders concentrated in stocks with strong growth prospects, including AI and semiconductor-related names.