Trading volumes on the Tokyo Stock Exchange’s prime market have almost doubled since last year as AI fever and a resurgence of “Mrs Watanabe” retail investors send stocks to record highs.
Figures from JPX, which owns the exchange, showed average daily stock trading volumes in the first three weeks of May topped the ¥10tn ($63bn) mark for the first time, as foreign funds and domestic investors bet on Japanese technology companies as the “picks and shovels” winner of both AI and chip wars.
The surge in volumes has been accompanied by a rise in off-exchange trading and, according to brokers, given retail investors an unprecedented sway over the market.