The Nikkei Average edged higher in morning trading on the Tokyo stock market on the 17th. It closed the morning at ¥63,966.87, up 0.07%, supported by automakers and financial stocks as the yen’s appreciation paused and expectations for a US rate hike influenced trading.
The Nikkei Average edged higher in morning trading in Tokyo on the 17th. It closed the morning at ¥63,966.87, up ¥43.87 (0.07%) from the previous day.
A pause in the yen’s appreciation against foreign currencies and the outlook for US interest rates prompted buying in automakers and undervalued stocks, supporting the Nikkei Average.
The TOPIX also extended its gains to close the morning at 4,091.06 points, while the JPX Prime 150 Index ended the morning at 1,710.31 points.
The index was up more than ¥700 at one point shortly after the open, but its gains narrowed as investors sold AI and semiconductor stocks on a rebound.