The Nikkei 225 rebounded in morning trading on the Tokyo stock market, recovering to ¥64,082.36 at the morning close. Buying was predominant on perceptions of undervaluation, although selling was also seen against the backdrop of the previous day's declines in U.S. equities.
The Nikkei 225 rebounded in morning trading on the Tokyo stock market on the 15th, at one point gaining more than ¥600. Buying focused on stocks that had appeared undervalued after the declines through the previous day. Lower U.S. stocks also weighed on the market at times in early trading.
The Nikkei 225 was up ¥589.37 at ¥64,082.36 at the morning close, while the TOPIX was down 1.15 points at 4,057.06. The average had fallen by more than ¥1,700 over the preceding 2 trading days, and buying-back activity supported the market.
SoftBank Group, which had suffered a sharp decline the previous day, and semiconductor major Kioxia Holdings were bought, helping support the market.
Market attention is expected to remain focused on trends in U.S. stocks and buying-back activity in individual stocks.