The Nikkei Stock Average rebounded on September 4, closing at 65,020.94, up 806.46 points, or 1.26%, and reclaiming the 65,000 level after snapping a four-session losing streak. Easing expectations of an early U.S. rate hike pushed U.S. long-term yields lower and fueled overnight gains in U.S. equities, particularly large-cap technology stocks, with that momentum carrying into Tokyo through buying in artificial intelligence and semiconductor-related names. The index surged more than 900 points at one stage and, with all three major U.S. indexes advancing, buybacks led by AI and chip-related shares set the tone. Nomura Holdings hit an 18-year high amid investor expectations tied to its aggressive shareholder-return stance. On September 3 the Nikkei had already opened roughly 400 points higher, recovering part of the nearly 2,000-point plunge on September 2, though many investors stayed cautious ahead of a 30-year Japanese government bond auction during trading hours and about fully recouping those losses. As uncertainty around U.S. monetary policy eased, risk-on sentiment centered on technology stocks spread to the Tokyo market.