Tokyo stocks posted a modest rebound at the morning close, with the Nikkei Average up 0.61% from the previous day at ¥68,193.13. Buying to cover positions in AI-related stocks was observed as movements reflecting the previous reaction continued, including contribution effects.
In the Tokyo stock market's morning session, the Nikkei Average edged higher, partly recovering its losses through the previous day. At the morning close, the index stood at ¥68,193.13, with a gain of approximately ¥415.61.
Buying to cover positions in AI-related stocks was reported as one factor supporting the market, with price movements in related issues contributing to an overall lift in the market.
The day's movements appear to have been driven by a reaction to the decline through the previous day and localized buying catalysts amid growing attention to the AI-related sector. The outlook continues to be monitored mainly through developments in individual stocks.