The Nikkei Average rose by ¥465 in the Tokyo market, drawing attention to the performance of AI-related stocks. Funds were reported to have flowed into trading-house stocks against the backdrop of developments surrounding reports of a possible dismissal.
In morning trading in the Tokyo stock market on the 12th, the Nikkei Average traded around ¥61,714, up ¥465 from the previous day. In a directionless market, general trading-house stocks stood out for their favorable price action.
Following reports concerning the possible dismissal of a senior NVIDIA executive, artificial intelligence-related stocks generally came under pressure on the upside. Meanwhile, investment funds flowed into trading-house stocks, which were viewed as relatively stable.
Itochu Corporation continued to hit record highs for the second straight day. Despite broad selling pressure in AI-related stocks following the reports, trading-house stocks showed relative strength.