The Nikkei 225 opened at ¥61,223.41, up ¥404.05, with Micronics and Recruit Holdings among the stocks bought. Movements in U.S. equities, crude oil and long-term interest rates appeared to influence the market.
Although major stocks declined in yesterday's U.S. market, buying led the Nikkei 225 at the open. Dip-buying interest emerged immediately after the Tokyo market opened, and reports indicated that buying interest in companies with strong earnings supported share prices as quarterly earnings announcements continued.
The Nikkei 225 began trading at ¥61,223.41, up ¥404.05 from the previous day. TOPIX was shown at 3,957.85, up 20.52.
By sector, nonferrous metals, banks and electric appliances were among the top gainers, while air transport, land transport and real estate were among the leading decliners. At the open, the 200-day moving average was viewed as resistance, but buying remained dominant.
It was also noted that today is the calculation date for the November SQ for stock index options.
By individual stock, Micronics, Recruit Holdings and Advantest rose, while Mercari, JT and Bridgestone were reported to have declined.