The Nikkei Average opened higher for the first time in seven sessions against the backdrop of gains in U.S. stocks, and buying to capture an autonomous rebound spread after the open. Toward the close, selling emerged as investors waited for further gains to return, amid concerns about AI-related stocks, narrowing the advance somewhat.
In the previous day's U.S. stock market, the Dow posted a sharp consecutive gain, while the Nikkei Average rebounded from its steep drop, opening on the 16th at ¥64,925.29. Buying to capture an autonomous rebound spread after the open, with purchases focused on semiconductor-related stocks.
The Nikkei Average closed at ¥65,324.29, up ¥898.34 from the previous day. Trading volume on the TSE Prime market was 23,709,050,000 shares, and trading value was ¥7.6686 trillion.
By sector, Other Products, Machinery and Insurance rose, while Electric Power and Gas was the only declining sector. Among individual stocks, Tokyo Electron, SoftBank Group, Ibiden, BayCurrent and Advantest rose. Fast Retailing, Fujikura, Ryohin Keikaku, Olympus and Kyocera, among others, declined.