The Nikkei 225 gained 70.59 points, or 0.11%, to 65,598.68 in the morning session on the Tokyo Stock Exchange after briefly falling below 65,000 for the first time in about three weeks and losing more than 900 points at one stage. Selling in artificial intelligence and semiconductor-related shares, following declines in U.S. technology stocks, weighed on the index because of those companies' large influence on the average. Buying later emerged in beaten-down shares, while shipping stocks benefited from expectations of higher freight rates amid persistently elevated crude oil prices. An earlier market update had described a 0.4% rise above 65,700 and identified the 75-day moving average near 66,200 as resistance; the latest morning-session figure revises that reading. Investors were also watching Nvidia's earnings and Kevin Warsh's Jackson Hole speech for clues on AI demand and U.S. monetary policy.