The Nikkei Stock Average rose sharply immediately after trading began at the start of the week, temporarily recording a gain of more than ¥1,300. Buying spread across AI- and semiconductor-related stocks, against the backdrop of lower oil prices and easing expectations for U.S. rate hikes.
The Nikkei Stock Average rose immediately after trading began at the start of the week and then widened its gains.
Japanese AI- and semiconductor-related stocks were bought after semiconductor giant Nvidia's share price moved to a record high in the U.S. market on the 2nd.
Market participants expect expectations for an early U.S. rate hike to ease, against the backdrop of lower crude oil prices following the G7's decision to release oil reserves and employment data coming in below market expectations.
Against this backdrop, buying interest spread among investors and the Nikkei rose sharply, according to reports.