The Tokyo market traded sharply higher, with the Nikkei 225 rising substantially and major Asian stock indexes also firm. Buying is also said to be spreading, particularly in AI-related stocks.
The Nikkei 225 also rose sharply on the day, at one point gaining more than 1,500 points, while buying aimed at an autonomous rebound strengthened across the market.
At the morning close, the Nikkei 225 was up about ¥1,977 at 59,411.34, while the TOPIX was up about 126 points, marking a sharp rebound. Buying back of AI-related and semiconductor-related stocks was notable, and advancing issues outnumbered declining issues across the market.
At the start of afternoon trading, the Nikkei 225 opened continuing its rebound, up about ¥525 from the previous day, and continued to trade near its highs.
Market participants said that the impact of political developments in the United States and China appeared to be easing, while Nasdaq 100 futures were also seen holding their gains in after-hours trading. However, uncertainty remains over the sustainability of capital investment related to AI.