The Nikkei average narrowed its losses around midafternoon on the 30th in the Tokyo stock market. Dip-buying in AI- and semiconductor-related stocks provided support for the market.
The Nikkei average has narrowed its decline from the previous day's sharp drop and is currently trading around the ¥63,300 level. Dip-buying has emerged in AI-related and semiconductor stocks, providing support for the Nikkei average.
The declines in the share prices of Amazon and Intel in after-hours trading after they announced earnings the previous day had been weighing on Japanese stocks, but the decline was reportedly smaller than expected. Some market participants say renewed buying is emerging on the strength of Japanese stocks at their lows.
As of 2 p.m., trading value on the TSE Prime Market was approximately ¥5.4075 trillion, and trading volume was approximately 1.45091 billion shares. AdTest, Tokyo Electron and SoftBank Group were lower, while Konami Group and Fast Retailing were higher.