Overview
- Japan’s Nikkei 225 rose sharply in the morning session on Nov. 10, closing the half day at 50,766.89, up 490.52 yen after an intraday gain that exceeded 600 yen.
- TOPIX advanced to 3,307.39 in morning trade, up 8.54 points, reflecting broad-based buying.
- Investors drew confidence from U.S. stock advances late last week and reports that Democrats proposed a new stopgap budget to limit the risk of a prolonged partial U.S. government shutdown.
- Traders cited technical buybacks following last week’s decline of more than 2,100 yen in the Nikkei, highlighting recent volatility.
- By the close, the Nikkei was reported up 635.39 yen, as improved risk appetite extended gains through the afternoon.