Tokyo: Tokyo stocks rebounded Monday, buoyed by strong performances from major technology and earnings-driven stocks. The benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, closed up 635.39 points, or 1.26 percent, to end at 50,911.76.

According to Namibia Press Agency, investor sentiment improved after reports that the U.S. Senate has advanced a bipartisan spending package in a bid to end the longest government shutdown. The yen’s depreciation against the U.S. dollar and the buying of firms such as Olympus and Mercari following their earnings announcements also lent support.

The Nikkei briefly lost momentum near the 51,000 mark as investors locked in profits, while selling by domestic institutional investors for position adjustments capped further gains. The broader Topix Index gained 18.57 points, or 0.56 percent, to finish at 3,317.42.