Nikkei rises more than 500 points after last week’s 6,000-point slide

The Nikkei Stock Average extended its rebound in Tokyo on the morning of the 11th, closing at 60,942.48, up 482.90 points, or 0.80%, from the previous day. The index had briefly risen more than 500 points and was up 426.93 points at 60,886.51 as of 10 a.m. Investors bought companies with strong earnings, while bargain-hunting followed the sharp decline after the U.S. midterm elections and a roughly 6,000-point drop in the index last week.