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Buying of AI-related stocks continued, pushing the index above the 68,000-yen level for the first time.
The Nikkei 225 surged sharply, closing at 68,402.13 yen—up 1,667.89 yen from the previous day (estimated trading volume: 2.54 billion shares)—marking its first close above the 68,000-yen level. Building on the momentum from U.S. markets, where technology stocks rallied the previous day, buying was led by semiconductor and artificial intelligence (AI)-related stocks such as Kioxia Holdings <285A>, Advantest <6857>, and Fujikura <5803>. After opening higher, the Nikkei index steadily extended its gains throughout the session, reaching 68,700 in the mid-afternoon.
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[Bull & Bear] Trading around the 68,000 yen level; TOPIX also at a high, lifted by AI-related stocks.
On March 3, the Tokyo stock market saw buying centered on artificial intelligence (AI)-related stocks, driving the Nikkei Stock Average above the 68,000-yen mark for the first time. The Tokyo Stock Price Index (TOPIX) also surpassed the 4,000-point level, reaching a new all-time high. This followed a rally in U.S. markets on March 2, where shares of Marvell Technology—highly praised by NVIDIA CEO Jensen Huang—and Hewlett Packard surged after reporting strong earnings, while AI infrastructure-related stocks continued to rise amid growing expectations for expanded investment.
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Market sentiment remains focused on semiconductor and AI-related stocks.
[Equity Opening Comment] On the 3rd, the Japanese stock market opened with buying interest and is likely to continue trading with a focus on semiconductor and AI-related stocks. U.S. markets on the 2nd saw the NY Dow rise by 228 points and the Nasdaq gain 7 points. Although selling initially dominated, markets reversed course after the April U.S. Job Openings and Labor Turnover Survey (JOLTS) showed job openings rose 11% month-over-month to 7.618 million, exceeding expectations and underscoring the resilience of the labor market. Rising crude oil prices due to uncertainty surrounding the situation in Iran have...
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