The Nikkei Stock Average closed up 2.33% at 58,775.50 points. The recovery in technology stocks was cited as the main factor behind the attempt to exit bear-market territory.
The Nikkei Stock Average closed up 2.33% at 58,775.50 points, recovering part of Friday’s sharp decline. The TOPIX rose 2.97% to 3,818.16 points, with the market-wide advance spreading to 208 of its 225 constituents.
Technology stocks recovered following a rebound in U.S. markets, with the Nasdaq Composite up 1.1% and the S&P 500 up 0.3%. The view that concerns over regulatory developments related to AI had eased supported the market’s optimism.
Among individual stocks, パイカラント・コンサルティング・サービス posted the largest gain among Nikkei constituents, rising 8.8%, while Shimizu Corporation gained 7.7% and Mitsubishi Electric rose 7.3%. Japan Tobacco, meanwhile, fell sharply, down 15.95%.
Market participants are assessing whether the technology-led rebound will restore confidence, with views that U.S. AI regulatory developments and regional conditions will determine the market’s direction going forward.