The Nikkei Average traded around ¥590 above the previous day's level during the morning session on the 4th. Buying led the market amid trends in U.S. markets, and gains continued among major stocks.
The Nikkei Average traded around ¥590 above the previous day's level during the morning session on the 4th, with buying leading the market after long-term yields fell in the U.S. market on the previous local day. The Nikkei showed signs of recovering the weakness through yesterday and traded near its highs.
The yen-denominated settlement price for Nikkei Average futures in Chicago was approximately ¥330 above the Osaka Exchange settlement price, with buying spreading against the backdrop of trends in overseas markets. By sector, 13 of the 33 sectors rose and 20 fell.
Stocks supporting the gains included information and communications stocks Mercari and SoftBank Group, nonferrous metals stocks Mitsui Kinzoku and Furukawa Electric, air transport stocks JAL and ANA, and retail stocks AEON and Fast Retailing. Marine transportation, electric power and gas, and wholesale stocks fell. In foreign exchange, the dollar-yen traded in the ¥155 range, while trends in European and U.S. markets appeared to continue.
In the Tokyo foreign exchange market, as of 10 a.m., the dollar-yen was trading in the 15x range and the euro-yen in the lower ¥182 range. The report was provided by Wealth Advisor.