The Nikkei Average rebounded for the first time in 4 trading days, closing at 63,923 points, up 438 points from the previous day. The index opened higher in the morning but fell as low as 63,209 points before rising again in the afternoon and closing higher. The US FOMC decision is scheduled to be released in the early hours of tomorrow morning.
The Nikkei Average in the Tokyo market fluctuated after opening, falling to an intraday low of 63,209 points before rebounding in the afternoon session and ultimately rising to 63,923 points. It stood at 63,396 points at the midday close, marking its first rebound in 4 trading days.
Among individual stocks, Mercari fell 6.4% amid selling prompted by its announcement that it would suspend listings of products related to the Pokémon Trading Card Game. Mitsui Chemicals, Mitsubishi Estate, Amada and ABEJA, meanwhile, attracted buying, with upward revisions to target prices and the announcement of trading agreements related to AI viewed as catalysts.
The VIEW POINT is that the FOMC decision and US August retail sales figures are scheduled to be released in the early hours of the following day. The market is therefore watching its reaction ahead of announcements on monetary policy and economic indicators.