Lam Research CorpStrong earnings from Lam Research sparked AI-related buying, boosting semiconductor stocks.
The Nikkei 225 surged on the 31st, closing at 64,362.02, up 2,494.59 points from the previous day. During the session it briefly rose to 65,364.73, reclaiming the psychologically important 65,000 level for the first time in four days. The rally followed strong earnings from Microsoft and Lam Research in the US market the previous day, which sparked buying in AI-related stocks, and that momentum carried over to Tokyo, where semiconductor and AI-related shares led the gains. In the South Korean market, Samsung Electronics and SK Hynix also soared, improving investor sentiment. On the other hand, the rapid advance prompted some selling to lock in profits, and a stronger yen amid speculation of currency intervention weighed on automakers and other shares, trimming the day's gains at times.
Lam Research CorpStrong earnings from Lam Research sparked AI-related buying, boosting semiconductor stocks.
SK Hynix IncSamsung and SK Hynix soared on AI-related momentum, improving investor sentiment.
Microsoft CorporationStrong earnings from Microsoft drove AI-related stock buying, lifting market sentiment.
Samsung Electronics Co LtdSamsung and SK Hynix soared on AI-related momentum, improving investor sentiment.