Tokyo stocks extend gains at morning close, but lose ground after buying runs its course

The story

At the morning close in Tokyo, the Nikkei Stock Average stood at 64,131.28, up 177.09 points from the previous day, and overall market sentiment remained firm. The NY Dow stood at 52,475.10, up 97.53 points, while the Shanghai Composite stood at 3,681.46, up 33.16 points.

Buying led the market initially, but momentum then weakened, narrowing gains in the major indices. Some market participants believe the broader market's advance is showing signs of running its course.

At a glance

Nikkei Average64,131.28, up 177.09 as of 11:30

U.S. Dow value52,475.10, change from previous close: +97.53

Shanghai Composite3,681.46, change from previous close: +33.16

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Reference information generated from public sources. It does not solicit or advise on investments. Prices are 15-minute delayed.