In mid-morning trading on the 5th, the Nikkei struggled to extend its gains in the Tokyo stock market, trading around ¥62,000, close to the previous day's closing level. Against a backdrop of a decline in the US SOX index, AI- and semiconductor-related stocks were broadly sold, and the market temporarily turned lower.
In mid-morning trading on the 5th, the Nikkei Stock Average struggled to extend its gains in the Tokyo stock market, trading around ¥62,000, almost level with the previous day's close. The SOX index fell more than 3% in the US stock market, weighing on the Nikkei as AI- and semiconductor-related stocks were broadly sold.
Hosoi Shuji (細井秀司), senior strategist at Daiwa Securities, said that the sharp drop in crude oil prices could lead to continued buying back of stocks in the Prime Market. As of 10:00, trading value on the TSE Prime Market was approximately ¥3.3127 trillion, while trading volume was approximately 1.12893 billion shares.
At this time, Konami Group, Recruit and Terumo were rising, while Ibiden, Kioxia and Fujikura were falling, with performance varying by stock.