The Nikkei Average opened ¥661 higher and remained firm after the opening. Moves in AI-related and semiconductor stocks supported the market, while buying continued as investors assessed lower oil prices and developments in the U.S. market.
The Nikkei Average opened ¥661 higher, and buying was leading at the 9:05 a.m. level. Moves in AI-related and semiconductor stocks were supporting the market.
In overseas markets, falling crude oil futures prices helped improve market sentiment, while the decline in the three major U.S. indexes the previous day acted as a buying incentive in the Tokyo market.
Elevated U.S. long-term interest rates were also keeping market sentiment cautious. At the same time, active buying was being held back as investors sought to assess the August PCE deflator and Micron Technology’s earnings, both due to be released tonight.
Buying was dominant at the open, and the Nikkei Average remained firm.