Large-scale sell-offs have peaked, and the Nikkei 225 index has recovered the losses since the sharp drop on August 5.

Odaily Odaily News: The Nikkei 225 index has recovered to the level before it fell more than 12% on August 5. As of 10 a.m. Tokyo time, the Nikkei 225 index rose 2.7% to 35,961.95 points. The weaker yen provided support for exporters such as automakers and technology companies. Technology stocks including Tokyo Electron rose after Nvidia pushed up the Philadelphia Stock Exchange Semiconductor Index. "The massive sell-off peaked last week, and investors' attention is turning to fundamentals such as corporate profitability," said Ikuo Mitsui, fund manager at Lanze Securities. "Investors are buying stocks at low valuations." Ryuta Otsuka, strategist at Toyo Securities, said, "Today's Japanese stock market is likely to be the first calm in a while. The stability of the yen will also help stabilize the Japanese stock market." (Jinshi)