In the Tokyo market on the 16th, the Nikkei Average rebounded for the first time in 7 sessions, closing at ¥65,324.29, up ¥898.34. Buying spread across AI-related and semiconductor stocks, lifting the market as a whole.
In the Tokyo stock market on the 16th, the Nikkei Stock Average rebounded for the first time in 7 sessions, closing at ¥65,324.29, up ¥898.34, or 1.39%, from the previous day. Buybacks entered a broad range of stocks on a rebound from the previous day's sharp decline.
In morning trading, the Nikkei Average rose as high as ¥65,550.68, up ¥1,124.73, and recovered the ¥65,000 level. Companies that reported strong earnings also attracted buying.
On the TSE Prime Market, advancing stocks outnumbered decliners, and TOPIX ended trading at 4,066.00, up 66.66 points. Buybacks spread across the market, which rose almost across the board.
Market participants said that the rise in US stocks provided support, with buying spreading mainly across AI-related and semiconductor-related stocks.