Japan's Nikkei rebounds after 6-session losing streak

According to Business Recorder, Japan's Nikkei share average advanced on Friday, ending a run of six straight losing sessions, though buyers stayed cautious. Investors held back from aggressive purchases while waiting for corporate results and the US midterm votes due next month. By the midday break the index had added 1.75% to 65,550.68, recovering from a near 5% slide in the prior session, yet it remained 5% lower for the week.

The broader Topix gained 1.83% to 4,072.71 but was still heading for a 0.8% weekly fall. Daisuke Hashizume, a senior strategist at Daiwa Securities, attributed the bounce to bargain buying after the previous session's heavy losses, with no other drivers behind the gains. Traders are also focused on whether the election result will shape President Donald Trump's plans for $5,000 payouts to American adults and bigger military budgets.

Across the Tokyo Stock Exchange prime section, where more than 1,500 names trade, 83% advanced, 13% declined and 2% finished flat. Among individual stocks, Tokyo Electron rose 2.12%, Kioxia climbed 3.34% and SoftBank Group added 1.3%. BayCurrent jumped 17.25% to top the Nikkei's percentage gainers after the consultancy outlined plans to deploy spare funds toward investments and buybacks.