After the Nikkei 225 plunged on the 15th, it rebounded by more than ¥1,200 at one point on the 16th. However, a recovery to the ¥70,000 level will depend on earnings, and investors will want to assess earnings trends at the end of this month.
The Nikkei 225 fell more than ¥3,300 on the 15th in a sharp decline, but buybacks spread on the 16th, resulting in a rebound of more than ¥1,200 at one point.
Market participants said the gain was limited and that whether the index can return to the ¥70,000 level will depend on earnings announcements starting at the end of this month. The Nikkei 225 had fallen for 6 consecutive trading days, losing more than ¥6,000 in total.
While buybacks of AI- and semiconductor-related stocks progressed, some market participants said the market’s direction would be determined by upcoming earnings.