In Japan's market on the 7th, the Nikkei 225's gain briefly reached ¥1,500, with buying of AI- and semiconductor-related stocks leading the advance. The yen briefly rose to the upper ¥155 range against the dollar, as trading continued to reflect moves in U.S. stocks.
Japanese stocks rose sharply on the 7th, with the Nikkei 225's gain briefly reaching ¥1,500. Domestically, AI- and semiconductor-related stocks were bought, and funds flowed into cyclical stocks such as trading companies and automakers.
NVIDIA and SanDisk were bought in the U.S. stock market, while SoftBank Group and Advantest rose in Japan. Buying was also pronounced in Nikkei 225 constituents including JX Metals, KOKUSAI ELECTRIC and CAPCOM.
The yen was firmer, briefly rising to the upper ¥155 range against the dollar. There were also comments that expectations that lower long-term interest rates would help sustain the domestic economy were spreading.
With U.S. producer and consumer price data due this week, some market participants expected trading to slow depending on the PPI and CPI results. Investors appeared to be waiting for fresh catalysts.