The Nikkei Average rebounded in the morning and began trading approximately ¥500 higher. The gain exceeded ¥800 at one point, and buying to cover spread among AI- and semiconductor-related stocks.
While the Nikkei Average ended trading on the 15th down more than ¥3,300, trading began on the morning of the 16th with prices approximately ¥500 higher.
The gain exceeded ¥800 at one point immediately after the open.
Market participants said that buying to cover was spreading, centered on AI- and semiconductor-related stocks.