Tokyo Stocks Rebound as Oil Prices Fall and Yen Stabilizes
Tokyo stocks rebounded strongly on August 5 as investors bought back artificial intelligence and semiconductor-related shares, while lower oil prices and a steadier yen eased concern over imported inflation.
The Nikkei 225 rose to about 66,300 in late-session trading, with the broader TOPIX also advancing and rising back above 4,000. Buying spread beyond high-priced technology shares, showing investors were rebuilding exposure to cyclicals, exporters, and selected domestic-demand companies.
Nikkei's rise followed a mixed start to August, which saw the index fall on August 3 after coordinated U.S.-Japan yen-buying intervention pushed the currency sharply higher and hurt exporters. The rebound was helped by a stronger tone in South Korea and Taiwan, where shares rose sharply supported by renewed buying in SK Hynix and Samsung Electronics.
The return of risk appetite in the AI trade also lifted Kioxia Holdings, which remained one of the most closely watched stocks and rose in the session. Advantest also rose strongly as investors returned to chip-testing equipment shares, while Tokyo Electron, SCREEN Holdings, Kokusai Electric, and other semiconductor equipment names were watched closely.