Buying led at the start of the Tokyo stock market on the 27th, with the Nikkei 225 opening ¥379 higher at ¥62,569. Against a backdrop of gains in European and US stocks, the market was seen entering a short-term buying-back phase.
Buying led at the open of the Tokyo stock market on the 27th, with the Nikkei 225 starting at ¥62,569, up ¥379 from the previous day. During the session, firm European stocks and a rebound in US equities improved investor sentiment, and buying was broadly dominant.
In the US market, the three major stock indexes rebounded, while the Philadelphia Semiconductor Index, SOX, extended its advance sharply. In response, buying catalysts accumulated in the Tokyo market, particularly in the semiconductor sector, providing broad market support.
The Nikkei 225 had also fallen by around ¥8,500 over approximately 3 weeks after forming a high-level range, prompting a view that short-term short covering and buying on dips were progressing.