Japan's Nikkei rebounds from bear market as tech stocks recover
EWJ•Japan's Nikkei 225 rose 2.33% to 58,775.50 on Monday, recovering part of Friday's 6% drop that left it more than 20% below its June record. The broader Topix gained 2.97% to 3,818.16.
1. Indexes rebound
The Nikkei 225 advanced 2.33% on Monday after a tech-led selloff the previous week pushed it into bear market territory. The Topix climbed 2.97%, and 208 of the Nikkei's 225 components advanced while 17 declined.
2. Gainers and laggards
Baycurrent rose 8.8% to a record closing high, leading Nikkei components, while Shimizu gained 7.7% and Mitsubishi Electric advanced 7.3%. Japan Tobacco fell 15.95% to its lowest close since October 2025 after Russia seized its assets in the country; Mitsui Chemicals dropped 8.48%.
3. Technology and policy
U.S. technology shares recovered on Friday, with Nvidia and Tesla rebounding after steep losses earlier in the week. A market analyst said wariness about potential U.S. AI regulation remained deep and gains could struggle to extend after initial buying.
