The Nikkei Average rebounded, closing ¥890 higher day on day at ¥66,216 as buying gained the upper hand amid a technical rebound. The index renewed its intraday high early in the session but lost momentum in the afternoon.
The Nikkei Average saw buying aimed at a technical rebound following gains in the previous day's US market. The index opened at ¥65,732 and rebounded, rising to ¥66,325 at 10:08 a.m. to renew its intraday high, while it stood at ¥65,982, up ¥656, at the morning close.
Buying continued in the afternoon, and the Nikkei Average ultimately ended trading ¥890 higher at ¥66,216. The Topix rebounded for the first time in 4 trading days, gaining 47 points to 4,059, while the TSE Growth 250 rebounded for the first time in 3 trading days, gaining 34 points to 776.
Among individual stocks, Kioxia Holdings rose 6.0% to ¥52,950 and Ryohin Keikaku gained 3.3% to ¥4,379. Sakura Internet, which remained under pressure from concerns over its large-scale rental server business, fell 8.8% to ¥3,570, extending its sharp decline. Namura Shipbuilding rose 6.9% to ¥4,585, while giftee Group rose as much as 11.3% to ¥1,433, with information serving as a catalyst viewed as a market factor.
Looking ahead, the Nikkei Average rebounded with a 1.4% gain. The rise in the KOSPI spread to domestic semiconductor stocks, while movements in US interest rates and the release of major US economic indicators are drawing attention as factors to watch.