The Nikkei 225 was up ¥336 after the open and remained firm. Buying prevailed on gains in U.S. equities and strength in semiconductor stocks, while investors also showed caution ahead of the Bank of Japan monetary policy meeting.
The Nikkei 225 was up ¥336 as of 9:05 a.m., with buying prevailing in the Tokyo market. It remained firm after the open.
The SOX Index, composed of semiconductor-related stocks, rose 1.75%, a larger gain than the Dow's 0.19% advance, providing support for semiconductor-related share prices.
Earnings announcements for the July-September quarter are increasing in Japan and overseas, raising expectations that demand for stocks with strong earnings and performance will support share prices. Meanwhile, crude oil futures and U.S. long-term interest rates were firm, and investor sentiment also remained cautious.
The Bank of Japan monetary policy meeting is being held today and tomorrow, with a press conference by Governor Ueda scheduled for tomorrow evening, leading some investors to wait for clues. Buying prevailed at the open.