On 5 November, buying prevailed at the opening of the Tokyo stock market, with the Nikkei Average starting ¥196 higher than the previous day at ¥62,384. Buying is expected to spread to domestic stocks against the backdrop of gains in the US market the previous day.
Buying led the market at the opening of the Tokyo stock market on the 5th, with the Nikkei Average starting ¥196 higher than the previous day at ¥62,384. Buying is reported to have spread to the domestic market against the backdrop of gains in major US indexes.
In the US market the previous day, all 3 major indexes, including the Dow, rose sharply. The outcome of the US midterm elections was broadly in line with market expectations, and buying led the market on relief that the event had passed. The SOX, however, declined on expectations that an election victory by the Democrats would lead to tighter AI regulation.
In today's Japanese market, gains in US stock indexes are expected to support advances in some stocks. Toyota Motor, Sony Group and Nintendo are among the companies scheduled to report earnings and are attracting attention, with investors advised to monitor developments.
The source of today's information was identified as Kabutan, a website that distributes market news. Developments in the US market and the schedule of Japanese earnings announcements were cited as the main factors.