The Nikkei average extended its advance in the Tokyo market on the morning of the 12th, rising ¥69.96 from the previous day to ¥67,040.18. Amid the summer market lull, a golden cross formed on the daily chart, signaling buying appetite centered on bank stocks.
The Nikkei Stock Average closed at ¥67,040.18 in the Tokyo stock market on the morning of the 12th, up ¥69.96 from the previous day. Downside was limited even as crude oil prices rose. A golden cross, a buying signal, has formed on the Nikkei's daily chart.
The session reflected the summer market lull, with the Nikkei moving back and forth between gains and losses. A measure of reassurance has spread among investors. Some observers said buying appetite, centered on bank stocks, had spread across the market.