The Nikkei average in Tokyo briefly rose more than ¥1,800, recovering the ¥60,000 level. Buying resumed after last week's sharp decline, but concerns about the outlook for AI investment remain.
In Tokyo trading today, buying orders came in across a broad range of stocks from shortly after the opening, and the Nikkei average briefly rose more than ¥1,800, recovering the ¥60,000 level. The morning session ended at ¥60,475, up ¥1,700.
Factors behind the gains included a temporary retreat in excessive concerns about AI regulation. Crude oil futures fell to a roughly two-month low after President Trump said that resuming military operations against Iran was not necessary at this time, prompting a broader view that the move would benefit corporate earnings.
Market participants, however, said the buying was largely a rebound from the recent decline. The focus is likely to be on how far caution eases in response to the Democrats' moves and the earnings outlooks of Japanese and U.S. AI companies.