Business · Markets · 1 hr ago
Nikkei closes above 60,000 as oil prices fall
Japan’s Nikkei index closed above 60,000 on Tuesday, rising 2.87% to 60,459.58.
Lower oil prices and investors buying after a decline helped lift the market, alongside gains on Wall Street overnight.
Oil prices fell after U.S. President Donald Trump said he was unlikely to lead the United States back into war with Iran if negotiations made progress.
The Nikkei had fallen last week during a global sell-off linked to uncertainty about artificial intelligence rules after Democrats swept the U.S. midterm elections.
The market’s recovery remains uncertain, a Nomura Securities strategist said, until the outlook for AI data center construction becomes clearer and company earnings ease concerns.
Investors were also waiting for U.S. consumer price data for October, while results from AI and semiconductor companies could help clarify the market outlook.
Japan’s Nikkei Stock Average closed above 60,000 on Tuesday, rising 2.87 percent to 60,459.58.
The index briefly surged more than 3 percent as investors bought shares after recent declines.
Falling crude oil prices and overnight gains on Wall Street also supported the market.
The broader Topix index rose 1.98 percent to 3,893.71.
A Nomura Securities strategist said the market’s full recovery depends on clearer prospects for AI data center construction and company earnings.
- Who
- The Nikkei Stock Average and broader Topix index. Investors bought shares after recent declines.
- What
- The Nikkei closed above 60,000, rising 1,684.08 points, or 2.87 percent, to 60,459.58.
- When
- Tuesday. The article was published on Nov. 10, 2026.
- Where
- Tokyo, Japan.
- Why
- Dip-buying, lower crude oil futures and overnight gains on Wall Street supported the market.
This story does not have two clearly opposing sides.
A global sell-off, triggered by uncertainty over artificial intelligence regulations after a Democratic sweep in U.S. midterm elections, contributed to a sharp decline in Tokyo shares.
Buybacks continued after the previous day’s declines.
The Nikkei rose above 60,000, supported by dip-buying, lower crude oil futures and overnight gains on Wall Street.
- Nikkei close
- 60,459.58
- Nikkei daily gain
- 1,684.08 points, or 2.87 percent
- Topix close
- 3,893.71
- West Texas Intermediate crude futures
- Fell below $90 per barrel
What people are saying
highly unlikely
The market will fully recover when the outlook for AI data center construction becomes clear and when market uncertainty is wiped out through the earnings results of AI- and semiconductor-related companies