The Nikkei Stock Average closed at ¥69,946.86 in Tokyo trading on the 5th, up ¥1,637.40 from the previous weekend. The index briefly rose above ¥70,000 during trading, as the September US employment report came in below market expectations, indicating that expectations for a US rate hike had receded.
The Nikkei Stock Average rebounded in Tokyo trading on the 5th, closing at ¥69,946.86, up ¥1,637.40 from the previous weekend. It recovered the ¥69,000 level on a closing basis for the first time in about one and a half months, and briefly rose above ¥70,000 during the day.
The September US employment report came in below market expectations, prompting a retreat in expectations for an early additional rate hike by the Federal Reserve and supporting buying in the stock market. The Nikkei maintained its gains from the morning, while semiconductor-related stocks supported the market.
Trading value on the TSE Prime Market was approximately ¥7.7509 trillion, with trading volume at 2.25895 billion shares. The TOPIX closed at 4145.22, up 54.22 points, while the JPX Prime 150 Index ended at 1750.40, up 26.94 points.
Among individual stocks, SoftBank Group, TDK and Kyocera rose, while Kioxia, Shionogi and Fujikura fell. Buying led the broader market, although gains also stalled at times in the afternoon.