Nikkei 225 rebounds 128 points after plunging more than 900 points intraday

  • Nikkei 225 recovered from a more-than-900-point intraday loss and closed 128 points higher.
  • Trading value on Tokyo’s Prime Market reached approximately ¥8.38 trillion.
  • U.S. PPI and CPI releases will shape yields, sector rotation and yen-sensitive trading.

Japan’s Nikkei Stock Average rebounded on the Tokyo Stock Exchange on the 10th after three sessions of losses, closing 128 points higher at 65,270 after briefly falling more than 900 points. Trading value on the Prime Market was approximately ¥8.38 trillion ($54.3 billion). Buying in banks, semiconductor-related companies and selected artificial-intelligence stocks helped the index recover from early weakness in U.S. equities and finish near its daily high. Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group, Advantest, Lasertec, Murata Manufacturing and Taiyo Yuden were among the notable gainers, while ANYCOLOR rallied after earnings and a share buyback announcement and AirTrip reached its daily limit after raising its profit forecast and dividend plan. Wire and cable, game, real estate, heavy-industry and infrastructure shares declined. The rebound underscored dip-buying demand ahead of the U.S. August PPI and CPI releases, with sector rotation likely to depend on long-term yields, while the yen’s direction will influence exporters. A previous market account recorded the close as 65,270.95, the Topix at 4,054.58 and volume at 2.16817 billion shares, and cited higher oil prices, Middle East tensions and expectations for Bank of Japan tightening as additional concerns.

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