The Nikkei Average was up about 1,670 points from the previous weekend, with TDK, Renesas Electronics and Taiyo Yuden among the top gainers by percentage. A temporary morning rally brought the index back to around 70,000.
The Nikkei Average traded around 1,670 points above the previous weekend's close, with buying emerging from the morning session. At 10:44 a.m., it rose to 70,072.13, recovering the 70,000 psychological level for the first time in 3 months since 6 July. The exchange rate remained generally around the mid-¥157 range per U.S. dollar.
Among Nikkei constituents, the top gainers included TDK, Renesas Electronics, Taiyo Yuden, Kyocera and Tokyo Electron. The top decliners included LY Corporation, Idemitsu Kosan, Tokyo Gas, NRI and SHIFT.
The move was reported to reflect broad-based buying, against a backdrop of gains and a rebound in U.S. stocks. The provider was Wealth Advisor.