The Nikkei Stock Average ended the morning of the 7th at ¥66,460.11, up ¥1,439.17 from the previous Friday, as buying of semiconductor stocks lifted the broader market. Expectations for growth in the AI-related market rose amid reports that Micron Technology will increase production of advanced memory.
The Nikkei Stock Average stood at ¥66,460.11 in morning trading on the 7th, up ¥1,439.17 from the previous Friday, and at one point the gain exceeded ¥1,600 as the session drew to a close. Buying of semiconductor stocks lifted the broader market, with stocks including Kioxia Holdings supporting the market.
A key factor pushing up the Nikkei was stronger buying interest in the semiconductor sector. In addition to Kioxia, related stocks such as Ibiden and Lasertec were also bought.
Reports that US-based Micron Technology would increase production of advanced memory attracted investor attention amid growing expectations for growth in the AI-related market. As a result, the outlook for AI-related demand became a focus for the market.
The Nikkei showed solid movement in morning trading and posted a further gain at the close, although the article includes members-only content, with additional details available at the linked article.