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Tokyo stocks rebound over U.S. market rally

0 Comment(s)Print E-mail Xinhua, April 14, 2025
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TOKYO, April 14 (Xinhua) -- Tokyo stocks rebounded on Monday, following gains in the U.S. stock market over the weekend, which spurred buying by overseas speculators in Nikkei index futures.

The benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, closed at 33,982.36, up 396.78 yen, or 1.18 percent from the previous trading day.

After a steep drop of over 1,000 points on April 11, bargain hunting and technical rebound buying also contributed to the rally, with intraday gains exceeding 700 points at one point.

However, the Nikkei's upward momentum stalled as a rise in the yen during morning trading added pressure on Japanese stocks, amid ongoing concerns that the United States may push Japan to address yen depreciation in upcoming tariff negotiations.

The broader Topix index also rebounded, closing up 21.60 points, or 0.88 percent at 2,488.51.

On the Tokyo Stock Exchange Prime Market, 1,322 stocks rose, 276 declined, and 39 remained unchanged. Enditem

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