The Nikkei Average rose approximately ¥590 in the morning session and traded around ¥64,800. Buying led gains in response to moves in US markets, with gains and declines mixed across sectors.
The Nikkei Stock Average traded approximately ¥590 above the previous day’s level in the Tokyo market on the morning of the 4th, moving around ¥64,800 and remaining near its highs. Long-term interest rates were reported to have fallen in the previous day’s US market, while the Dow and Nasdaq Composite in New York both advanced for a second consecutive session.
By sector, 13 of the 33 sectors rose, while 20 declined. Information and communications stocks Mercari and SoftBank Group advanced, while air transportation stocks JAL and ANA also rose. Services stocks Rakuten Group and Recruit Holdings were also firm. Marine transportation, electric power and gas, and wholesale stocks declined.
Electric appliance stocks Taiyo Yuden and Tokyo Electron, as well as metal products stocks SUMCO and NHK Spring, also traded firmly. In response to movements in the Nikkei Average, in the foreign exchange market the dollar traded in the upper ¥157 range and the euro in the lower ¥181 range.
Provided by Wealth Advisor Co., Ltd.