The Nikkei 225 ended Monday at 69,946.86, up 1,637.40 points, after trading above 70,000 for the first time since early July as US rate-hike bets cooled.
Tokyo stocks rebounded on Monday. The Mainichi, citing Kyodo, said the Nikkei 225 closed up 1,637.40 points, or 2.40 percent, at 69,946.86, after briefly topping 70,000 for the first time since early July.
The broader Topix rose 54.22 points, or 1.33 percent, to 4,145.22. The Nikkei newspaper reported the same close and said the 69,000 level at the close was the first since 17 August. During the session the index rose more than 1,700 points and traded above 70,000 for the first time in the session since 6 July.
Dealers linked the move to Friday’s weaker-than-expected US September payrolls report, which reduced bets on another Federal Reserve rate increase in October. The Mainichi said the dollar traded mostly in the upper 157-yen range and was at 157.65–67 yen at 5 p.m. in Tokyo. The 10-year Japanese government bond yield ended down 0.015 percentage point at 3.085 percent.
Nikkei said Prime-market turnover was about 7.75 trillion yen and volume about 2.26 billion shares, with 863 issues up and 633 down. SoftBank Group, TDK and Kyocera gained; Kioxia, Shionogi and Fujikura fell.
The payroll figure itself was not restated in the Japanese market reports used here, so the jobs number is not given. The verified market facts are the closes, the intraday 70,000 print and the yen and bond moves.