Japan Market Daily | Kabutaro & Friends

On November 9, the Nikkei 225 rebounded sharply on the Tokyo stock market for the first time in six sessions, closing at 58,775.50, up 1,340.73 yen (2.33%) from the previous Friday. TOPIX also rose 110.17 points (2.97%) to 3,818.16. The SOX semiconductor index jumped in the U.S. market on Friday, and as a rebound from the drop of more than 7,000 yen over the previous five sessions, AI-related stocks such as chipmakers were bought back. The gain exceeded 2,000 yen at one point in the morning session, but the index lost momentum in the afternoon once buying ran its course. Fast Retailing and Tokyo Electron together lifted the Nikkei 225 by about 347 yen, and 208 of the 225 constituents rose. By sector, other products, banks and transportation equipment gained, while foods and marine transportation fell. Meanwhile, Japan Tobacco fell sharply again following the previous Friday, and SoftBank Group also declined. Trading value on the TSE Prime Market was about 8.91 trillion yen.