Japanese stocks extended their gains on the 7th, following the trend in the US market. AI and semiconductor-related stocks attracted buying, and the Nikkei Stock Average closed up more than ¥1,300.
Japanese stocks opened higher on the 7th, following the previous day's moves in the US market, and closed higher. The Nikkei Stock Average ended up more than ¥1,300, with buying dominating trading throughout the session.
Buying was particularly evident in AI and semiconductor-related stocks, and spread mainly across these sectors. The move was reportedly driven by the similar trend in the Japanese market following buying in semiconductor-related stocks in the US market.