The Nikkei rebounded at midday on the 3rd for the first time in four sessions, trading at ¥64,455.83, up ¥130.19 from the previous day. Shipping stocks strengthened their upward momentum, with an El Niño-driven upswing in shipping markets cited as a catalyst. Nitori Holdings staged a sharp rebound after its August same-store sales exceeded the year-earlier level for the second consecutive month.
The Nikkei rebounded at midday on the 3rd for the first time in four sessions, with the morning-session close at ¥64,455.83, up ¥130.19 from the previous day.
Shipping stocks, led by NYK Line, strengthened their upward momentum, while speculation of an El Niño-driven upswing in shipping markets emerged as a market catalyst.
Nitori Holdings staged a sharp rebound after its August same-store sales were reported to have exceeded the year-earlier level for the second consecutive month.