Tokyo stocks opened with the Nikkei Stock Average up ¥188, but gave up its gains despite support from the weaker yen, as higher oil prices and the trend in U.S. markets weighed on prices.
The Nikkei Stock Average opened ¥188.03 higher than the previous day at ¥63,672.13, rebounding at the open.
Although stocks started slightly higher on the weaker yen, they subsequently gave up their gains, following the decline in U.S. markets amid higher oil prices and persistently elevated interest rates.
The day's Nikkei movement was influenced by trends in U.S. markets and resource prices, with the market erasing its gains after the opening.