The Nikkei rebounded after seven sessions. Although AI-related stocks saw some buying back, concerns over limited upside weighed on the market, and the index closed up ¥898 at ¥65,324.
The Nikkei Stock Average closed at ¥65,324, up ¥898, marking its first rebound in seven sessions. Buying back of AI-related stocks provided support, but reports indicated that the market's overall upside remained limited.
US long-term interest rates fell to late-September levels, while NY crude oil futures rose temporarily to $98. Movements in international markets were said to have affected the Nikkei.
Defensive stock Kao extended its winning streak to 8 sessions, with reports that brokerages had raised their target prices based on expectations of accelerated overseas business growth.
Overseas investors were reported to have net bought ¥1.4318 trillion in cash equities in the first week of October, affecting market supply and demand.
Takashimaya's September 2026 in-store sales rose 2.4%, reportedly driven by strong sales of autumn merchandise.