The Nikkei's morning close was ¥61,714.16, up ¥465.57 from the previous day, as a broad range of stocks in the Tokyo market were bought following gains in US stocks.
The Nikkei Stock Average closed the morning session at ¥61,714.16, up ¥465.57 from the previous day. The Tokyo market opened higher following gains in major US stock indexes, with buying spreading broadly and particularly among economically sensitive stocks. The overall tone was firm. Attention in afternoon trading will focus on whether this trend continues. The prevailing view was that the strength of US equities and expectations for corporate earnings supported market sentiment.
Semiconductor-related stocks, however, faced a headwind. Some semiconductor stocks were sold, weighing on the market, amid reports concerning the dismissal of NVIDIA's CEO following coverage of alleged espionage. Many investors viewed the sustainability of continued AI-related investment as a key market factor, and developments in the AI sector are expected to remain a focus for the time being. Some market participants expressed the view that AI investment sustainability will continue to be a market factor for the time being.