Asian Stocks Rebound After Sharp Losses, Nikkei Up 1.8%

Asian stock markets recovered Friday after Thursday's sharp selloff, with Japan's Nikkei index rising 1.8 percent to 65,550.68 points following a six-day losing streak, though gains were limited by investor caution ahead of earnings season and US midterm elections. The broader Topix gained 1.8 percent to 4,072.71, while Shanghai's main index rose 0.8 percent and the CSI 300 added 0.6 percent. Chip-related stocks led gains in Tokyo, with Tokyo Electron up 2.12 percent and Kioxia rising 3.34 percent. Consulting firm BayCurrent surged 17.25 percent after announcing plans to use excess cash for investments and buybacks. Oil prices slipped slightly, with Brent down 0.4 percent to $105.45 per barrel, as the International Energy Agency agreed to release over 20 million barrels of diesel and the Trump administration considers easing sanctions on shadow fleet vessels. US markets closed mixed Thursday, with the Dow up 1.1 percent while tech stocks fell on high interest rate concerns.