The Tokyo stock market rebounded on the morning of the 4th, with the Nikkei 225 rising more than ¥600 at one point. Buying spread across technology stocks following gains in US equities, while investors also moved to buy back stocks that had come to look undervalued.
The Nikkei 225 rebounded in the Tokyo stock market on the 4th, with gains widening into the afternoon. Buying returned following the declines through the previous day.
The morning close was ¥555.26 higher than the previous day at ¥64,769.74, while TOPIX fell 7.56 points to 4,094.48.
Gains across the major stock indexes in the US market spread to Tokyo, with notable advances particularly among semiconductor-related stocks. Kioxia Holdings and others made especially strong contributions, driving the market higher.
The average share price had fallen for an extended period against a backdrop of rising long-term interest rates, and some market participants viewed stocks as having become undervalued. Buying interest in individual stocks and portfolio rebalancing may continue.