The Nikkei Stock Average surged by around ¥1,500 from the previous day in morning trading in the Tokyo stock market. As gains spread across stocks, rises in AI-related shares and a fall in SoftBank Group stood out.
The Nikkei Stock Average rebounded sharply in morning trading, opening at ¥57,960.70, up ¥525.93 from the previous day. Buying led gains across a broad range of stocks as the market rebounded from the across-the-board sell-off at the end of last week.
Tokyo Electron and Advantest, among other AI-related stocks, rose, while SoftBank Group fell amid views that concerns over the US midterm elections had not completely subsided.
More than 90% of Prime Market stocks rose overall, prompting views that buying had spread as the market rebounded from the previous day's decline.