The Nikkei Average opened on the 17th at ¥64,643.58, up ¥720.58 from the previous day, extending its gains sharply for a second straight session. Semiconductor stocks were bought on the back of the previous day's moves in the US market and the dollar/yen exchange rate's move toward a weaker yen.
The Nikkei Average opened on the 17th at ¥64,643.58, up ¥720.58 from the previous day. Following the post-FOMC decline in the US market, the Dow and Nasdaq also showed moments of rebound, while in the Tokyo market the SOX extended its gains and buying was concentrated in semiconductor stocks.
Trading in the Tokyo market was also supported by the dollar-yen exchange rate's move toward a weaker yen, with the dollar trading in the upper ¥155 range and the euro in the upper ¥178 range. The yen-denominated settlement value of Chicago Nikkei 225 futures was ¥64,085, up ¥245 from the previous day.
In addition to developments in the US market and the weaker yen, major TSE data included the Nikkei Average's level and movement at the opening. The report also included the provider's attribution as local information.
Related news on US retail sales and IPO developments was presented alongside the report, with multiple breaking-news updates released simultaneously to indicate broader market trends.