Nikkei starts 4-session winning streak, buying prevails on report of preparations to remove NVIDIA CEO = Opening on the 12th (Wealth Advisor)

The Nikkei started its 4th consecutive session higher in Tokyo. Buying prevailed after The Wall Street Journal reported that NVIDIA was preparing to remove its CEO.

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The story

The Nikkei average opened at ¥61,475.11 on the 12th, up ¥226.52 from the previous day, extending its winning streak to 4 sessions. The market also drew support from gains in U.S. stocks, with buying spreading broadly.

Before the opening, reports circulated that The Wall Street Journal had said NVIDIA was preparing to remove CEO Jensen Huang. Some caution remained, but the report helped support the Nikkei's rise. The yen also weakened, supporting exporters, with the dollar moving into the upper ¥159 range.

By sector, oil products, real estate, other products and marine transportation stood out for their gains, with buying spreading across a broad range of sectors.

At a glance

Nikkei 225Started 4 sessions higher in a row, up ¥226.52 from the previous day at ¥61,475.11

ReportThe Wall Street Journal reported that NVIDIA was preparing to remove its CEO

Foreign exchangeThe yen weakened to the upper ¥159 range to the dollar

DetailsOil products, real estate, other products and marine transportation stood out for their gains

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