In the Tokyo stock market on the morning of the 16th, the Nikkei Average rose as buying prevailed on a rebound from the previous day's sharp decline. The morning close was ¥65,550.68, while TOPIX rose to 4,072.71. The gain briefly exceeded ¥1,200, with buying in companies that reported strong earnings pushing the market higher.
In the Tokyo stock market on the morning of the 16th, the Nikkei Average rebounded, closing at ¥65,550.68, up ¥1,124.73 from the previous day, while TOPIX stood at 4,072.71, up 73.37 points. The gain briefly exceeded ¥1,200, and the Nikkei recovered the ¥65,000 level.
Buying demand prevailed on a rebound from the previous day's sharp decline. Buybacks spread across stocks that had come to look undervalued, and the market rose broadly across almost the entire board.
Companies that reported strong earnings attracted buying, pushing the market higher. The rise in major US stock indexes from the previous day also provided support for the Tokyo market.