Japanese stocks opened with buying prevailing on the 30th, and the Nikkei started at ¥66,128, up ¥647 from the previous day. Buying spread mainly across semiconductor-related stocks, lifting the market. Amid continued caution over US long-term interest rates, the rebound in the SOX index was viewed as a supporting factor. Attention is also focused on movements in the Kospi while domestic and overseas developments are assessed.
The Tokyo stock market opened with buying prevailing on the 30th, and the Nikkei started at ¥66,128, up ¥647 from the previous day. Despite weakness in the US market, buying, mainly in semiconductor-related stocks, has been lifting the market.
US stocks weakened the previous day, although losses in the major indices were limited. While caution over rising long-term interest rates intensified, support from technology stocks, including the semiconductor sector, helped contain deterioration in market sentiment.
The SOX index, comprising semiconductor stocks, rebounded, and views are spreading that leading semiconductor stocks could help curb selling in the Tokyo market as well.
Domestic market conditions are expected to remain sensitive to movements in long-term interest rates and are considered vulnerable to moves in South Korea's Kospi.