In brief
Tokyo stocks closed higher on Monday after a sharp decline last Friday. The benchmark Nikkei 225 gained 2.33% to 58,775.50, and the Topix rose 2.97% to 3,818.16, fueled by AI‑related shares and a late‑week rebound on Wall Street. Analysts caution that the rebound may be weak and the future of technology shares uncertain.
Tokyo stocks rallied on Monday, recovering from a steep 3,600‑point plunge on Friday, according to Xinhua. The benchmark Nikkei 225 rose 1,340.73 points, or 2.33 percent, to close at 58,775.50, while the broader Topix index climbed 110.17 points, or 2.97 percent, to 3,818.16.
Investors were attracted to artificial‑intelligence and semiconductor shares, boosting a broad range of companies as the market rebounded during a late‑week recovery on Wall Street. The rally echoed a rebound in U.S. technology stocks that had regained some ground after heavy selling amid concerns over tighter regulation of data‑center construction and AI investment following the midterm elections.
Heavyweight gainers included Advantest, Tokyo Electron, and Fast Retailing, all of which saw significant gains as investors chased bargains after the market’s steep losses. Stocks of companies reporting strong earnings also attracted buying.
However, Xinhua noted that some analysts described the rebound as "weak," citing uncertainty about the outlook for technology shares that could cloud the market’s near‑term direction.
