The Nikkei Average rebounded from its morning low in Tokyo trading on the 26th, rising rapidly after 10 a.m. to close at ¥66,262.16, approximately ¥405 higher than the previous day. It held its gains through the morning close on the back of gains in U.S. stocks.
The Nikkei Average began trading in Tokyo on the 26th below the previous day's closing level, but the trend changed sharply around 10 a.m. and the index turned higher. It stood at ¥66,227.55 at the morning close, well above the previous day's close.
The intraday move gained momentum after 10 a.m. The index gradually climbed to ¥65,595 at 10:15 a.m., ¥65,728 at 10:40 a.m. and ¥65,790 at 10:55 a.m., approaching the highs around the morning close.
There was no major movement in the afternoon, but the index rose to ¥66,363 at 12:50 p.m. and ¥66,409 at 1:35 p.m., before ending at ¥66,262.16.
In overseas markets, dollar-yen moved temporarily into the upper ¥159 range against the backdrop of gains in U.S. stocks before returning to the ¥159 range, supporting the rise in the Tokyo market.
Overall, the Nikkei Average remained firm through the end of the session, supported by its rebound from the morning low and the formation of a high range around the morning close.