Overview
- Tokyo’s benchmark Nikkei 225 reversed part of its recent slide with a large intraday rally that topped 2,000 yen at one point and finished significantly higher than the prior session.
- Morning reporting showed the Nikkei at about 59,411.34 yen after gains of roughly 1,976.57 yen while later close data put the index at 58,775.50 yen, up about 1,340.73 yen, reflecting intraday profit-taking.
- The broader TOPIX also climbed strongly, rising roughly 110 to 127 points into the 3,818–3,834 range, and trading was heavy at about 2.9958 billion shares, signaling broad participation in the rebound.
- Traders said the rebound reflected buying of stocks seen as undervalued after a prior five-session drop that erased more than 7,000 yen from the Nikkei, with U.S. tech gains providing cross-border support.
- Despite the bounce, investors remain unsure about the near-term trend because concerns that U.S. midterm-driven moves toward tighter AI rules could hit tech-linked stocks still influence market sentiment and could trigger renewed volatility.