Japan's Nikkei ends nearly 3% higher as AI-related stocks advance

EWJ•2026-11-10

Japan's Nikkei rose 2.87% to 60,459.58 on Tuesday, extending its rebound from Friday's tech-led selloff as AI-related stocks advanced. The Topix gained 1.98% to 3,893.71.

1. Nikkei extends rebound

The Nikkei rose 2.87% to 60,459.58, recovering Friday's sharp losses over the past two sessions. The broader Topix gained 1.98% to 3,893.71. The Nikkei had fallen nearly 6% on Friday as AI-related stocks dropped on concerns that the U.S. Congress could slow AI investment after Democrats' midterm-election victory.

2. Technology shares climb

SoftBank Group surged 13.88%, while Advantest rose 4.63% and Tokyo Electron gained 6.05%. Kioxia jumped 9.23%, and JX Advanced Metals rose 4.64% after raising its net profit forecast for the year ending next March by 14%. Toyota Motor fell 2.21%, the biggest drag on the Topix, while Fujikura gained 0.29% after lowering its annual operating profit forecast.