The Nikkei 225 rose for a third consecutive day in Tokyo trading on 11 October, closing at ¥61,248.59, up ¥789.01 from the previous day. The intraday gain temporarily exceeded ¥900.
The Nikkei 225 ended at ¥61,248.59 in Tokyo trading on 11 October, up ¥789.01 from the previous day, marking its third consecutive day of gains. At one point during the session, the gain exceeded ¥900.
Following the sharp decline the previous week, investor short covering spread mainly across AI-related and semiconductor-related stocks. There was also speculation that expectations of easing concerns over AI regulations in the United States served as a buying catalyst.
Advantest, a semiconductor testing equipment maker with a significant contribution to the Nikkei 225, and Tokyo Electron, a semiconductor production equipment maker, both rose. Buying also entered companies whose interim earnings results were well received.