On the 16th, the Nikkei 225 rebounded for the first time in 7 trading days, closing at ¥65,324.29, up ¥898.34 from the previous day and recovering the ¥65,000 level. TOPIX also rose 66.66 points to 4,066.00, with trading volume at 2.37905 billion shares.
On the 16th, the Nikkei 225 rebounded for the first time in 7 trading days in the Tokyo stock market, closing at ¥65,324.29, up ¥898.34 from the previous day and recovering the ¥65,000 level. Buying orders spread in reaction to the previous day's sharp decline, resulting in broadly higher prices.
The Tokyo Stock Price Index (TOPIX) rose 66.66 points to 4,066.00, with trading volume at 2.37905 billion shares. The average share price had fallen by more than ¥3,300 the previous day, prompting buying back of stocks that had come to be seen as undervalued.
Gains in AI- and semiconductor-related stocks, including semiconductor manufacturing equipment major Tokyo Electron, stood out, while companies that announced strong results also attracted buying and lifted the market. Gains in the previous day's US stock market provided an additional tailwind.
The index was temporarily up more than ¥1,200 during trading, but profit-taking sales ahead of the weekend narrowed the gain. Concerns over the profitability of AI-related companies and higher US crude oil futures prices also weighed on the market.