In brief
Xinhua reports the Nikkei rebounded 3.44 percent from Friday’s low, while IndiaTimes notes a 2 percent gain to 58,584.11 and another source records a 1,734‑point rise to 59,169.20 at 10:38 a.m. The rally followed a late‑week Wall Street rebound and broad investor buying.
Tokyo, Nov. 9 – The Japanese benchmark Nikkei stock index surged more than 3 percent in Monday morning trading after a steep 3,600‑point drop on Friday, Xinhua reported, citing a 1,976.57‑point gain to 59,411.34.
Xinhua noted the 225‑issue Nikkei Stock Average was up 3.44 percent from Friday’s 59,411.34, moving to 63,387.91. The broader Topix index also climbed, up 3.42 percent to 3,834.83.
IndiaTimes, in contrast, reported an early‑trade rise of 2 percent, bringing the Nikkei to 58,584.11, only partially recovering Friday’s 6 percent slump that had pushed the index more than 20 percent below its record high.
A separate early‑morning snapshot, from a financial news feed, showed the index up 1,734.43 points to 59,169.20 by 10:38 a.m., a midway jump that was still below the level reported by Xinhua.
All reports agree that the rally coincided with a late‑week rebound on Wall Street, where technology shares regained ground after heavy selling pressure amid scrutiny over tighter regulation of data‑center construction and artificial intelligence investment following the U.S. midterm elections.
Investors spread buying across a broad range of issues, seeking bargains after the market’s steep losses, the sources said.
