The Nikkei average posted a sharp rebound at the morning close, with buying strengthening, led by semiconductor stocks, and recovered the ¥70,000 milestone once again. The core of the rise had become evident by the morning close, with semiconductor stock developments the market's central theme.
Tokyo stocks posted a sharp rebound in the morning session, with the Nikkei average closing at 70,037.61, up 1,728.15 from the previous day. The gain reached approximately 2.53%.
Buying in a range of stocks, including semiconductor issues, supported the sharp rise, with related sectors lifting the broader market. The market temporarily recovered the ¥70,000 milestone.