The Nikkei Average rose for a third straight day on the 29th. Against the backdrop of gains in US equities, AI-related shares were bought, and the index closed after recovering the ¥64,000 range. Estimated trading volume was close to 4.1 billion shares, while the morning high reached the ¥64,797 range.
The Nikkei Average rose for a third straight day on the 29th, ending trading at ¥64,659.47. Estimated trading volume was approximately 4.1 billion shares.
Following gains in semiconductor-related shares in the previous day's US market, many stocks rose in the Japanese market as well, led by artificial intelligence (AI)-related shares. Around the middle of the morning session, the index moved close to the high reached before the close.
The broader market subsequently weakened temporarily, influenced by factors including South Korean earnings trends, but recovered against the backdrop of stability in the KOSPI and supply-demand factors involving free-float shares.
By sector, gains were particularly pronounced in financials, securities and nonferrous metals, while movements in stocks with a large impact on the index supported the market.