The December Nikkei average futures contract traded on the Osaka Exchange rose for a third consecutive session, with the settlement price up ¥1,050 from the previous day at ¥61,440. Intraday trading volume was 25,691 contracts. Following last week's sharp decline after the US midterm elections, trading was dominated by moves based on perceptions that prices had become attractive and that supply-demand conditions had improved.
The December Nikkei average futures contract rose for a third consecutive session, with the settlement price at ¥61,440, up +¥1,050 from the previous day. On the Osaka Exchange, market participants showed a buying bias.
Intraday trading volume was 25,691 contracts, with trading continuing at a substantial scale. Market attention turned to improving supply-demand conditions and a recovery in perceived value, as the rebound following last week's sharp decline after the US midterm elections continued to unfold.
Against this backdrop, investors continued buying futures they viewed as undervalued, and some expected further supply-demand adjustments depending on future market developments. Further market reports are awaited.
This article is based on Nikkei reporting, and the information confirmed at this time is limited to the facts above. Changes in trading volume and settlement prices will be watched in subsequent reports.