The Nikkei 225 posted a sharp rebound from the previous day, with Tokyo Electron, the largest contributor, adding approximately ¥111. Buying spread across a broad range of stocks against a backdrop of higher US share prices and movements in long-term yields.
US stocks traded higher, and buying spread to Japanese markets as long-term yields declined and the Nasdaq recovered. With investors watching fund flows in Japan and the United States, the Nikkei 225 maintained an upward trend from the open.
The Nikkei 225 rose sharply on the 16th, with buying spreading across a broad range of sectors, including electronic components, machinery and services. Most Nikkei 225 constituents were higher in morning trading.
Tokyo Electron was the top positive contributor. Its latest price was ¥10,585, and its contribution was reported at approximately ¥111. Recruit Holdings, Ibiden, SoftBank Group and BayCurrent followed, while Nissan Chemical was the top negative contributor, weighing on the Nikkei 225 by approximately ¥2.
The Nikkei 225 ended trading at ¥65,550.68, up ¥1,124.73 from the previous day. There were 209 advancing stocks, 13 declining stocks and 3 unchanged stocks.