The Nikkei Average extended its sharp advance, standing at 66,399.84 as of 15:30, up 1,378.90 points, or 2.12%, from the previous day. It returned to a level above its 25-day moving average.
The Nikkei Average extended its sharp advance, reaching 66,399.84 as of 15:30, up 1,378.90 points from the previous day, for a gain of 2.12%. Buying led the market, which moved amid improving investor sentiment.
The Nikkei Average returned to a level above its 25-day moving average, a technical indicator. It appears to have moved out of a short-term adjustment phase, with buying momentum strengthening at higher levels.
Today's movement indicated broad-based buying appetite in the Japanese stock market, while attention also focused on moves in key stocks and by sector.