The Nikkei rose more than ¥1,200 at one point in early trading in Tokyo on Monday, in a broad-based advance. The move is thought to have been influenced by developments in the U.S. midterm elections.
The Nikkei 225 rose more than ¥1,200 at one point in morning trading in Tokyo, well above the previous day's close. Buying spread across the market, and many stocks traded firmly.
As the Nikkei advanced broadly, buying orders swelled, particularly for AI and semiconductor-related stocks that had previously declined. The related sectors became market leaders as the broader market rose.
The day's move was viewed in contrast with the previous day's decline following the outcome of the U.S. midterm elections, and some observers saw risk appetite among investors as having partially recovered.