The Nikkei average extended its gains and continued trading in the 70,000 range. Around midday, it remained in the lower half of the 70,000 range.
The Nikkei average rose sharply toward the end of the session, moving into the 70,000 range. It closed at 70,683.98, up 737.12 points from the previous day. Buying continued to lead the market, and the index remained in a range in the 70,000s.
Among other indicators over the same period, USD/JPY stood at 158.14 and the Dow Jones Industrial Average at 51,267.90, with both posting modest gains, while the Shanghai Composite rose 11.74 points to 3,842.19. Movements in the major US markets and contributions from overseas markets were reported as factors supporting the rise in Japanese equities.
The day's movement in the Nikkei average has been interpreted as reflecting continued investor risk appetite and short-term buying on dips against the backdrop of domestic and overseas economic and corporate developments.