The Nikkei Stock Average rose ¥130 from the previous day to around ¥64,455.83 in the Tokyo stock market on the morning of the 3rd. Buying to cover short positions spread in early trading, and the index was reported to have reached an intraday high since the market opened.
The Nikkei Stock Average rose ¥130 from the previous day to around ¥64,455.83 in the Tokyo stock market on the morning of the 3rd. Buying to cover short positions was seen in morning trading, albeit modestly, and reports said the upward trend was continuing.
The market has yet to establish a clear direction, and some have noted that movements driven by factors such as inflation concerns may continue, but the article does not state a specific conclusion on this point.