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Market Overview
In today's Tokyo stock market, the Nikkei average stock price started at 40,517.17 yen, which is 119.14 yen higher than the previous trading day, and the Tokyo stock price index (TOPIX) started at 2,794.10, up 13.30 points.
Top News
Expectations are rising for accelerated reduction of cross-shareholdings by major banks, with the insurance issue serving as a catalyst for a change in the strong relationships.
Expectations are increasing that the resolution of policy shareholdings by major domestic banks, such as the three major banks in Japan, will accelerate further. The strong trading relationships through cross-shareholdings, which have been considered one of the factors supporting the growth of post-war Japanese companies, have been criticized in recent years due to the increasing awareness of corporate governance.
SoftBank Group CFO Goto: "Stock prices are not in an AI bubble."
Money is flowing into semiconductor-related stocks against the backdrop of the global artificial intelligence (AI) boom. The rise in the stock price of its subsidiary, UK semiconductor design arm, also pushed up the stock price of SoftBank Group (SBG). $SoftBank Group (9984.JP)$...which also pushed up the stock price of SoftBank Group.