The Nikkei 225 rebounded on the afternoon of the 16th after four sessions, closing at ¥63,923, up ¥438.90 from the previous day. It closed at the high, with gains in the KOSPI also providing a tailwind.
The Nikkei 225 rose ¥438.90 from the previous day to ¥63,923.00 in the afternoon session on the 16th, gaining for the first time in four sessions and ending trading at the high. TOPIX also rebounded and traded in positive territory overall.
The exchange rate held around ¥155 to the US dollar. Although it briefly turned negative amid concerns over global interest rates, it returned to positive territory. Trading volume on TSE Prime was high, including activity by institutional investors, and advancing issues outnumbered decliners.
By sector, 23 of the 33 sectors rose. Oil and coal products, mining, textiles, marine transportation, nonferrous metals, chemicals and electric appliances stocks performed well, while pharmaceutical and information and communications stocks were weak.
In the afternoon session, gains in the KOSPI provided a tailwind for the market, and Recruit Holdings and FANUC, among others, extended their gains by the close.