The Nikkei 225 rebounded in morning trading in the Tokyo market, closing at ¥65,550.68. Buying prevailed as investors responded to the previous day's steep decline, and TOPIX also rose.
The Nikkei 225 rebounded in morning trading on the Tokyo Stock Exchange, rising more than ¥1,200 at one point. Buying spread across stocks, and the market advanced almost across the board.
The morning close was ¥65,550.68 for the Nikkei 225, up ¥1,124.73 from the previous day's close, while TOPIX rose 73.37 points to 4,072.71. The Nikkei 225 had fallen sharply the previous day, and buying in stocks that had come to look undervalued pushed the market higher.
Companies that announced strong earnings attracted buying, providing a catalyst for the broader market's rise. Gains in US equities in the previous day's trading also provided a tailwind for the Tokyo market.
News reports on the day's moves focused on morning trading on the Tokyo Stock Exchange, highlighting the Nikkei 225's rebound and TOPIX's rise.