The Nikkei 225 index rose by 9.7% and the Topix index rose by 10%.

The Nikkei 225 extended gains to 9.7%, while the Topix extended gains to 10%. Japanese stocks surged today after falling into a bear market in the previous day's trading, falling to a key technical level. ​Hideyuki Ishiguro, chief strategist at Nomura Asset Management, said: "The panic selling may be over, but today's price action may be like a roller coaster as anxiety rises in global markets." The chart shows that the market is ripe for a rebound. The Toraku ratio, which tracks the proportion of stocks that have risen and fallen in the past 25 days, has fallen to its lowest level since October 2023 and is approaching the 70 level (which some traders see as a sign of an improvement). But even if there is a rebound, Japanese stocks may still be in bear market levels in the short term. "As Japanese stocks fell much more than Europe and the United States yesterday, market participants now realize that this correction was excessive," said Tomoo Kinoshita, global market strategist at Invesco Asset Management Japan. "However, this does not mean that the market correction is over. Weak economic indicators in the United States may still lead to further selling in the United States and other parts of the world, including Asia." (Jinshi)