The Nikkei Average remained more than ¥656 higher on the 20th, with the morning close at 66,? ¥65,982.49. The expansion of US Treasury buybacks lowered long-term interest rates, and funds flowed back into the stock market, driving broader buying of previously sold-off stocks, including automakers and construction companies.
On the 20th, the Nikkei Average's morning close on the Tokyo Stock Exchange was ¥65,982.49, up ¥656.07 from the previous day.
The expansion of US Treasury buybacks is believed to have lowered long-term interest rates in both Japan and the United States, prompting funds to flow back into the stock market. Buying also spread to stocks that had previously been sold, including automakers and construction companies.
The previous day, the Nikkei Average had fallen more than ¥2,000 in a broad market sell-off led by AI and semiconductor-related stocks amid a global rise in interest rates.