Japan's Nikkei Advances As Buyers Return After Sell-Off Arabian Post

(MENAFN- The Arabian Post) clearfix"> Japan's Nikkei share average climbed 2.33% on Monday, recovering part of a technology-driven slump that had pushed the benchmark into bear market territory and shaken confidence in artificial intelligence stocks.

The Nikkei 225 closed at 58,775.50, gaining 1,340.73 points, while the broader Topix advanced 2.97% to 3,818.16. The rebound followed Friday's 6% plunge, which left the Nikkei more than 20% below its June record, the threshold commonly used to define a bear market.

Buying extended across the Tokyo market rather than remaining confined to semiconductor companies. Of the Nikkei's 225 constituents, 208 rose and 17 fell, indicating widespread demand after several sessions of selling. The recovery nevertheless left the benchmark substantially below its level at the beginning of last week.

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