The Nikkei 225 recovered the ¥60,000 level for the first time in 3 business days, closing at ¥60,459.58, up ¥1,684.08 from the previous day. Gains in stocks with a high contribution to the index and buying back of AI-related stocks pushed up the market.
In Tokyo stock market trading on the 10th, the Nikkei 225 extended its gains, closing at ¥60,459.58, up ¥1,684.08 from the previous day. During the day, the gain at one point exceeded ¥1,900, and the index recovered the ¥60,000 level.
In addition to the continuation of the previous day's gains in US stocks, buying back of AI-related stocks pushed up the Nikkei 225. Stocks with a high contribution to the index, including SoftBank Group, Advantest and Tokyo Electron, rose sharply.
Easing tensions in the Middle East was factored in alongside falling crude oil prices, and the retreat in inflation concerns was seen as contributing to improved investor sentiment. Buying spread across a broad range of stocks, centered on semiconductor-related names.
The Tokyo Stock Price Index, or TOPIX, ended trading at 3893.71, up 75.55 points from the previous day.