Nikkei rebounds 438.90 points to close at 63,923 after four-session slide

  • Nikkei Stock Average rose 438.90 points to 63,923.00, ending four consecutive declines.
  • Prime Market trading value totaled about ¥6.7 trillion, with 1,054 advancers and 436 decliners.
  • Investors awaited the FOMC decision scheduled for early September 17 in Japan.

Japan's Nikkei Stock Average rose 438.90 points, or 0.69%, to close at 63,923.00 on September 16, ending four consecutive sessions of declines and finishing near its intraday high. The rebound followed a decline of more than 1,700 points over the preceding three sessions, with afternoon purchases of large-cap technology, artificial intelligence and semiconductor shares reversing a weak morning. Advantest, Tokyo Electron, Fast Retailing and Recruit Holdings advanced, while oil and resource shares also benefited from elevated crude prices. Prime Market trading value totaled about ¥6.7 trillion, with 1,054 shares rising and 436 falling. Investors remained focused on the FOMC decision due early on September 17 in Japan, with a 0.25% rate increase viewed as the market consensus, as well as the projections and policy signals from Fed Chair Warsh.

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