Japan's Nikkei 225 rose 2% to 58,584.11 in early trade, recovering some of Friday's 6% slump. The broader Topix gained 2.8% to 3,810.91.
The Nikkei 225 rose 2% in early trade on Monday after a technology-led rout last week pushed the benchmark into bear market territory. Friday's 6% slump had left it more than 20% below its record high reached in June. The broader Topix gained 2.8%.
Of the 224 Nikkei 225 constituents, 214 traded higher and 10 lower. Renesas Electronics led percentage gainers, rising 6.64%, followed by Japan Steel Works, up 6.41%, and Baycurrent, up 5.88%. Tokyu Fudosan Holdings fell 5.41%, while SoftBank Group lost 4.73% and Mitsui Fudosan fell 4.50%.
The Nasdaq gained 1.09% on Friday and the S&P 500 rose 0.32%, led by information technology stocks. Nvidia and Tesla rebounded after earlier losses tied to concerns that Democratic election victories could bring stricter AI oversight and dampen data-centre spending. Takuma Ikemoto of Tokai Tokyo Intelligence Laboratory said wariness about US policy moves such as AI regulation runs deep and gains could struggle to extend after initial buying.
