Nikkei average closing price recovers to 60,000 yen level, buys into AI semiconductors, feels positive about drop in crude oil

At the Tokyo stock market on the 10th, the Nikkei Stock Average continued to rise, closing at 60,459.58 yen, 1,684.08 yen (2.87%) higher than the previous day. This is the first time in three business days since the 5th that the closing price has recovered to the 60,000 yen level. In addition to the favorable impression of the drop in crude oil prices, this also continued the trend of all major stock indexes rising in the US market the previous day on the 9th.

The Nikkei Stock Average opened at 59,372.28 yen, 596.78 yen higher than the previous day's closing price, and then increased further. Bought mainly in AI (artificial intelligence) and semiconductor stocks such as SoftBank Group and Advantest.

The rise in stock prices is supported by expectations that tensions in the Middle East will ease and falling oil prices.

US President Donald Trump said in an interview with CNN on the 8th that if talks with Iran progress, it is "extremely unlikely" that full-scale hostilities will resume. On the New York Mercantile Exchange on the 9th, the futures price of U.S. WTI crude oil, an indicator of crude oil prices, fell and at one point reached the $85 level per barrel, more than 6% lower than the previous weekend.

At the New York Stock Exchange on the 9th, the Dow Jones Industrial Average, which is made up of major companies, rebounded significantly for the first time in three business days. A wide range of stocks including AI and semiconductor stocks were bought, and the stock closed at $52,389.75, up $1,104.02 (2.15%) from the previous weekend.

In the Japanese and U.S. stock markets, AI and semiconductor-related stocks were plummeting due to concerns that AI regulations would be tightened following the Democratic Party's landslide victory in the U.S. midterm elections.

A major securities analyst said, ``AI-related stocks have been bought in reaction to the sharp decline, and the uncertainty surrounding the tightening of AI regulations has not disappeared.''