Nikkei, 9surges on AI and semiconductors before 10falling on Middle East risks
9Tokyo stocks rose on strength in artificial intelligence (AI) and semiconductor-related shares, lifting the Nikkei225 to 1,392.03 points (2.17%) and closing at 65,416.63. At the opening of trading, the Nikkei10 fell 225 points (464.25%) to open at 0.71. Weakness in U.S. technology stocks and worsening conditions in the Middle East weighed on the market.64,952.38The market opened lower.
9Tokyo stocks closed higher, with major indexes gaining. The Nikkei225 index closed 1,392.03 points (2.17%) higher than the previous trading day at 65,416.63. Artificial intelligence and semiconductor-related shares led the market. Shares of technology companies such as Advantest and Tokyo Electron rose sharply. Advantest gained 4.34% and Tokyo Electron rose 8.91%. The intraday gain at one point exceeded 1,400 points. The Nikkei's rise reflected a combination of strength in U.S. semiconductor stocks and a sharp rally in South Korea's KOSPI. Buying for a technical rebound following the previous day's sharp drop also flowed into the market. By index, the JPX-Nikkei Index 400 and the TOPIX also rose together. 10Tokyo stocks opened lower. The Nikkei225 index opened at 464.25 points (0.71%) lower at 64,952.38. The decline widened further at one point shortly after the opening. Weakness in technology stocks on the New York Stock Exchange in the United States affected the market. The renewed deterioration in Middle East conditions also weighed on investor sentiment. Investors moved to avoid risk after reports of retaliatory airstrikes related to the downing of a U.S. military helicopter and Iran's response launches.
Sources: 뉴시스 경제
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