The Nikkei 225 opened higher in Tokyo on the 13th, with the opening level up ¥404.05 from the previous day at ¥61,223.41. Despite the impact of lower U.S. stocks, futures buying by overseas investors led the market.
The Nikkei 225 opened higher in Tokyo on the 13th at ¥61,223.41, up ¥404.05 from the previous day. Although it fell at times against a backdrop of lower U.S. stocks, buying of futures by overseas short-term investors provided downside support.
Major U.S. stock indexes generally fell in the previous session after the announcement that NVIDIA CEO Jensen Huang had resigned, but losses in the Nikkei 225 were limited partly because the index had already anticipated the previous day's decline.
According to NQN, or Nikkei QUICK News, buying of stock index futures by overseas investors supported the Nikkei 225's rebound.
Market participants say the impact of lower U.S. stocks is likely to be temporary, while noting that futures-led trading could influence the market's short-term direction.