Japan's Nikkei Stock Average fell 519.50 points, or nearly 0.8%, from the previous close to 64,623.28 at 9:14 a.m. on the 10th, pushing the index below 65,000. The decline erased in less than 15 minutes most of the previous session's advance, when the Nikkei rose as much as 424.69 points to 65,694.02. The earlier rally was supported by semiconductor and AI-related stocks, but selling spread across the sector on the 10th as investors took profits. Kabutan News identified selling into strength as a key theme, suggesting that investors seeking to sell rebounds were outweighing buyers who had missed the earlier rally. The move also raised the possibility that the preceding gains were a short-covering rally, in which traders close bearish positions by buying assets. Technical analyst Tomohiro Ito expressed caution about the uptrend's durability in a report dated the 9th, while Ryoji Musha warned about the equity-market impact of rising Japanese interest rates in an analysis titled "The Mystery of Rising Japanese Interest Rates and Bessent's Remarks." Market attention is focused on whether the index can recover toward the lower 64,000 range or fall below 64,000. Disclosures on the 10th included major shareholder changes involving Yasuda Warehouse, Suzuken, Infomart, KLab and Mitsubishi Materials. Yasuda Warehouse had a combined holding above 5% with Nippon Active as co-holder; Silchester's stake in Suzuken rose to 9.27%, Oasis Management's holding in Infomart increased to 16.95%, and Ultimate Classic's stake in KLab reached 13.72%. Mitsubishi Materials announced expanded APT production capacity.