The Nikkei Average rose 3.44% to ¥59,411.34, while the TOPIX jumped 3.42%, marking a broad rebound. Buying to cover positions following the sharp decline broadly dominated trading.
The Nikkei Average rose 3.44% from the previous day to ¥59,411.34. The TOPIX also rebounded sharply, gaining 3.42% to 3,834.83, making the market's recovery led by the major indices increasingly clear.
The article points to a rebound following the sharp decline and dominant short covering, suggesting a phase centered on short-term position adjustments. Buying may spread to both large-cap and small- and mid-cap stocks.
The sustainability of the short covering, whether the rebound loses momentum, and the extent to which individual stocks follow the broader move are expected to be key points going forward.