TOKYO, Nov. 9 — Japan’s benchmark Nikkei stock index jumped more than 3 percent on Monday morning, after plunging over 3,600 points last Friday in its third-largest point drop on record.
The 225-issue Nikkei Stock Average was up 1,976.57 points, or 3.44 percent, from Friday at 59,411.34. The broader Topix index, meanwhile, rose 126.84 points, or 3.42 percent, to 3,834.83.
The rally tracked a late-week rebound on Wall Street, where technology shares regained some ground after coming under heavy selling pressure amid concerns over tighter regulation of data center construction and artificial intelligence investment following the U.S. midterm elections.
Buying spread across a broad range of issues as investors moved in to pick up bargains following the market’s steep losses. (Namibia Daily News/Xinhua)
