Nikkei Rebounds on Strong AI Sentiment and Lower Oil Prices
Tokyo stocks rebounded strongly on August 5 after several days of currency-driven volatility. The Nikkei 225 rose to about 66,300 in late-session trading as investors bought back artificial intelligence and semiconductor-related shares.
The broader TOPIX also advanced, rising above 4,000 as buying spread beyond high-priced technology shares. The move showed that investors were rebuilding exposure to cyclicals, exporters, and selected domestic-demand companies after the coordinated U.S.-Japan yen-buying intervention on August 3 pushed the currency sharply higher.
The recovery gathered pace as global technology sentiment improved and oil prices fell sharply. Investors bought back companies linked to memory chips, chip testing, semiconductor equipment, optical fiber, electronic components, and data-center infrastructure after Wall Street rallied and Asian semiconductor shares recovered.