Nikkei Average Extends Gains in Morning Session, Briefly Rises Over 2% on AI and Semiconductor Stocks

Price Action

โดย Reuters·Read original

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The Nikkei Stock Average extended its gains in the morning session on the Tokyo stock market, rising 1.93% from the previous business day to 67,511.12 yen. Following the trend in the U.S. market the previous day, where buying was centered on semiconductor stocks, artificial intelligence and semiconductor-related stocks led the market in Tokyo as well, with the Nikkei briefly climbing 2.05% to 67,592.20 yen. After a round of buying, the market moved in a mixed fashion amid caution over the Middle East situation and ahead of earnings announcements from U.S. technology companies. The TOPIX ended the morning session up 1.25% at 4,065.33 points. Trading value on the Tokyo Stock Exchange Prime Market amounted to 4.802743 trillion yen, with 17 sectors including nonferrous metals and electric machinery rising, and 16 sectors including services and retail falling. Among major stocks, Kioxia Holdings surged over 11%, Advantest rose over 6%, and Tokyo Electron gained over 4%, while Fast Retailing and Recruit Holdings fell over 3% to 5%.