In the Tokyo stock market on 10 November, the Nikkei Average rose more than ¥1,800 at one point and recovered to the ¥60,000 range on the back of lower oil prices. Improving investor sentiment was cited as the main factor, while a settlement involving スマイル社 and a personal data leak at Sony Life were also reported as related market news.
In the Tokyo stock market on 10 November, the Nikkei Average rose more than ¥1,800 at one point from the previous day's close. Falling crude oil prices lifted investor sentiment, and the index recovered to the ¥60,000 range.
The market saw buying gain momentum on an improved economic outlook resulting from lower oil prices, and the Nikkei Average sharply extended its gains during part of the morning session. As a result, the stock market once again came within sight of the ¥60,000 range.
It was reported that スマイル社 had reached a settlement with Ishimaru (石丸), attracting attention as a development between companies. Meanwhile, Sony Life announced that 2.9 million personal records had been leaked.
Related developments included the sale of NTT and NEC shares and the revocation of JIS certification for 麻生コンクリ, but the focus of this article is the Nikkei Average's rise and the change in market conditions resulting from lower oil prices.