In Tokyo trading on the 9th, the Nikkei rebounded sharply, rising more than 1,500 points at one stage before gaining more than 1,700 points. The advance expanded during the morning session, reportedly driven by rebound buying after the sharp fall on the 6th and moves in AI- and semiconductor-related stocks in the U.S. market.
In Tokyo trading on the 9th, the Nikkei Stock Average rebounded sharply, with its gain gradually expanding during the morning session. At 09:18, it was up 1,252.16 points, and at 10:36 it reached 59,041.64, up 1,606.87 points. At 10:38, it rose to 59,169.20, up 1,734.43 points.
After the sharp fall on the 6th, the Nikkei had declined by nearly 6,000 points this week, and rebound buying dominated. The rise in AI- and semiconductor-related stocks in the U.S. market the previous day also pushed the Nikkei higher.
Uncertainty remains over the outlook. With the direction of AI-related regulation unclear following the results of the U.S. midterm elections, some market participants believe share prices may enter an adjustment phase lasting several months. Others say they want to confirm the resilience of semiconductor stocks after the short-term rebound buying runs its course.