The Nikkei 225 rebounded in the morning session, with buying spreading mainly across AI and semiconductor-related stocks. Moves in stocks reporting strong earnings also supported the market overall, while after-hours trading movements following US stock performance bolstered market sentiment.
In the morning session on the Tokyo Stock Exchange, the Nikkei 225 rebounded to around ¥1,000 above the previous day's level. Broad-based buying focused on AI-related and semiconductor-related stocks, while buying in stocks reporting strong earnings also provided support.
Nvidia-related stocks rebounded in after-hours trading in the US stock market, and this spread to the Japanese market as a positive factor. Applied Materials' first-quarter revenue outlook exceeding market expectations was also viewed as a positive factor.
TOPIX on the Tokyo Stock Exchange Prime Market traded at 3967.54 points, up 0.77%, with trading value at approximately ¥3.8653 trillion. Among individual stocks, Advantest and Tokyo Electron were firm, Fast Retailing rose sharply, and SoftBank Group turned negative after opening higher.
Among Tokyo Stock Exchange Prime Market stocks, 1061 rose, 437 fell and 52 were unchanged, with buying prevailing across the market overall. A Nomura Securities strategist said that attention was focused on the rebound in Nvidia-related stocks in after-hours trading and trends in AI and semiconductor-related stocks.