# Japan's Nikkei rebounds after 7 sessions

> Japan's Nikkei recovers 65,000 level on semiconductor buybacks after 7-session drop.
- Title: Japan's Nikkei rebounds after 7 sessions · BigGo Finance
- Summary: Japan's Nikkei recovers 65,000 level on semiconductor buybacks after 7-session drop. Japan's Nikkei Stock Average rebounded sharply on October 16, closing at…
- Keywords: nikkei, semiconductor, tokyo stock exchange, topix, coreweave, softbank group, tosei, finance, markets, Japan's, rebounds, sessions
- Source: BigGo Finance — https://finance.biggo.com/news/bcf2156a-a1f4-434a-bff3-ede3814f9ec8
- Author: BigGo Finance
- Published: 2026-10-16T03:55:49+00:00
- Read time: 1 min
- Topics: nikkei, semiconductor, ai, tokyo stock exchange, topix, coreweave, softbank group, tosei, finance, markets
## Nikkei rebounds after 7 sessions
Japan's Nikkei Stock Average rebounded sharply on October 16, snapping a seven-session losing streak to close at 65,324.29, up 898.34 yen from the previous day.
## Semiconductor stocks lead rally
Tokyo Electron, SoftBank Group, Advantest, and Recruit Holdings drove the Nikkei's gain with significant price increases.
## TOPIX recovers 4,000 level
The Tokyo Stock Price Index surged 66.66 points to 4,066.00, reclaiming the 4,000 level on October 16.
## Market reaction to earnings
Analysts noted the rebound might be a technical correction ahead of the earnings season, with profit-taking limiting further gains.
## CoreWeave stock impact
CoreWeave's stock dropped sharply on October 15 due to concerns about slowing data center investments, affecting semiconductor indices.
## U.S. market influence
U.S. Treasury yields fell as safe-haven buying increased, supporting equities after overnight gains in U.S. markets.
## Market participants' caution
Some analysts warned the rebound remains within a technical correction, with earnings season and high oil prices capping upside potential.
## Key takeaway

Japan's Nikkei Stock Average rebounded sharply on October 16, closing at 65,324.29 after seven sessions of declines.