The Nikkei Stock Average rose for the first time in 2 days, closing ¥273.58 higher than the previous day at ¥66,405.56. AI and semiconductor-related stocks were bought on the back of higher US stocks, while rising long-term interest rates and a wait-and-see stance ahead of the Jackson Hole meeting also had an impact.
In Tokyo stock trading on the 28th, the Nikkei Stock Average rose for the first time in 2 days, closing ¥273.58 higher than the previous day at ¥66,405.56. AI-related and semiconductor stocks with a significant impact on the Nikkei rose on the back of broadly higher US markets.
At the same time, rising long-term interest rates weighed on stock prices, and the Nikkei's gain narrowed at times. Investors increasingly adopted a wait-and-see stance ahead of the US Jackson Hole meeting. TOPIX rose 29.49 points from the previous day to 4,146.71.
The day's trading saw buying focused mainly on technology-oriented stocks, helping support the broader market.