Japan Stocks Rebound 1,340 Points on Monday After Last Week's Market Rout
Japan's Nikkei 225 Stock Average closed at 58,775.50 on Monday, November 9, 2026, at 3:30 p.m. Tokyo time, rising 1,340.73 points, or 2.33%, from Friday's close, as investors returned to equities following last week's sharp selloff, with widespread gains across banking, automotive, retail and semiconductor-related shares helping the benchmark record its first advance in six trading sessions.…
Tokyo's Nikkei 225 Stock Average surged 1,340.73 points, or 2.33%, to 58,775.50 on Monday, November 9, 2026, following a sharp sell-off the previous week, signaling a strong recovery across the Tokyo Stock Exchange. The broader Topix index also rose 2.97% to 3,818.16, reflecting the overall market's bounce back. Over 90% of stocks on the exchange's Prime Market closed higher, with 1,412 advancing and only 120 declining.
Thirty-one of the exchange's 33 industry sectors showed gains, while only food and shipping stocks slipped. The recovery came after a turbulent week for Japanese equities, driven by concerns over AI valuations, rising interest rates, and uncertainties in the global tech industry. The Nikkei had dropped over 3,600 points on Friday, November 6, prompting investors to seek opportunities in shares that had suffered significant losses.
Monday's rally began at 57,960.70, up 525.93 points, before extending its gains. Semiconductor-related shares benefited from a recovery in US technology stocks, with companies like Fast Retailing, Tokyo Electron, Advantest, Recruit Holdings, and Konami Group contributing to the Nikkei's advance. Banking shares were among the strongest performers due to rising Japanese government bond yields, which raised hopes for improved lending margins in financial institutions.
However, SoftBank Group remained under pressure due to lingering uncertainties surrounding AI investment and the financial performance of data center-related companies. Despite the gains, the Nikkei remained below its level from November 2, indicating that the recent market correction was only a partial reversal of the previous week's losses.
The Japanese yen remained relatively stable, trading at around 158.23 against the US dollar. The government's intervention in foreign exchange markets totaled approximately 15.4 trillion yen over the summer, with interventions on three separate days, underscoring the authorities' commitment to preventing excessive currency depreciation.
Japanese government bond prices fell as yields increased, reflecting expectations that monetary policy could remain under pressure amid inflation and currency movements.
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