The Nikkei 225 rebounded in Tokyo trading on the 5th, ending ¥1,637.40 higher than the previous day at ¥69,946.86. It briefly topped ¥70,000 during trading.
The Nikkei 225 ended ¥1,637.40, or 2.40%, higher than the previous weekend at ¥69,946.86. The index briefly topped ¥70,000 the previous day, marking the first time in about 3 months that it had exceeded ¥70,000 during trading. The rise was reportedly driven by buying in major stocks, which spread from gains in U.S. equities.
Buying in major stocks, including semiconductor-related names, reportedly pushed the Nikkei 225 higher. Daily market movements, against a backdrop of U.S.-Japan market correlation, were reported to have supported investors’ willingness to buy.