Nikkei 225 recovers ¥60,000 level on the 10th as semiconductor stocks see renewed buying

The story

The Nikkei 225 rose sharply in Japan on the 10th, recovering to the ¥60,000 range on a closing-price basis. The spread of buying to cover short positions among investors has been cited as a factor supporting expectations of further market gains.

Reports said that buying on dips in US semiconductor-related stocks was continuing, prompting buying centered on semiconductor-related names.

At a glance

DateThe Nikkei 225's performance on the 10th was reported

LevelThe Nikkei 225 recovered to the ¥60,000 range on a closing-price basis

PeriodIt recovered to the ¥60,000 range for the first time in 3 trading days

TopicBuy-the-dip interest spread across semiconductor-related stocks

TrendBuying on dips in US semiconductor stocks is reported to be continuing

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