At the morning close, the Nikkei had rebounded sharply, rising 2.53% to ¥70,037.61. AI-related stocks were bought on the back of weak US employment data, and the market was reported to have recovered the ¥70,000 level.
In the morning session of the Tokyo stock market, the Nikkei rose sharply by ¥1,728.15 from the previous day to ¥70,037.61. The gain stood at 2.53% at the morning close, and the market maintained its rebound.
The move was attributed to views that US employment data had come in weak, affecting US interest-rate trends and the capital-market cycle. Buying in AI-related stocks was also reported to have pushed up the market.