The Nikkei 225 was up ¥15 as of 9:05, and traded in a range after the open. Firm US stocks and stable crude oil prices provided support, while the market's move above the recovery high has made sentiment somewhat more positive.
The Nikkei 225 was up ¥15 as of 9:05, with buying and selling交錯 at the open. Gains in US equities and stabilizing crude oil futures in overseas markets supported share prices.
The Nikkei 225's move above the recovery high following the 22 June peak, ¥69,608 on 14 August, yesterday raised expectations for further gains and improved market sentiment.
Domestic long-term yields remained high, while US long-term yields strengthened in overseas markets, making investors more cautious. After the open, the Nikkei 225 traded in a range around the previous day's close.
The Nikkei 225 had risen about ¥4,500 over the four days since 30 September, and this scale of increase was viewed as a sign of overheating.