Nikkei, on strength in AI and semiconductors 21day surges ·22day starts strong
Tokyo stocks, buoyed by AI- and semiconductor-related shares and hopes for easing Middle East risks, 5month 21day closed sharply higher, and 5month 22day also opened higher early in the session. On 21day, the Nikkei closed up 1879.73points at 6ten thousand1684.14, and opened 22day up 229.22points at 6ten thousand1913.36.
5month 21day, major Tokyo stock indexes all closed higher. The Nikkei225 index ended up 1879.73points from the previous trading day at 6ten thousand1684.14. Buying concentrated in technology stocks and major semiconductor-related shares.
The JPX Nikkei Index 400index ended 591.82points higher at 3ten thousand4875.18. Semiconductor equipment makers such as Tokyo Electron and Advantest advanced. Buying spread to some semiconductor-related stocks, reflecting expectations for memory demand.
The TOPIX index 62.16rose by 3853.81to close. News that U.S. semiconductor company Nvidia's earnings exceeded market expectations affected the Tokyo market. Reports that OpenAI's initial public offering was imminent also buoyed investor sentiment.
Kioxia surged at one point during the session,15rising more than % and pushing its market capitalization above30trillion yen. Shares that had been under heavy selling pressure amid concerns about business conditions rebounded. Some power infrastructure companies also recovered.
SoftBank Group extended its gains after hitting the daily upper price limit the previous day. It closed19.84up % from the previous day at6039yen. The sharp rise in the company’s share price helped lift the index.
5In22, Tokyo stocks opened higher on225. The Nikkei229.22opened up6points at1913.36million. Expectations of easing tensions in the Middle East supported buying, market participants said.
At one point during the session, the gain widened by more than1100points. Reports that ceasefire talks between Iran and the United States were moving forward raised expectations of easing risks in the Middle East. A drop in New York crude oil futures and a pause in the rise in U.S. interest rates supported sentiment in the Tokyo market.
Some real estate stocks, including Sumitomo Realty & Development and Mitsui Fudosan, were weaker. Trading varied widely across some sectors. Investors continued to focus their trading on technology and semiconductor stocks and some large-cap stocks.
Sources: 뉴시스 경제
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