Tokyo stocks opened higher, extending their gains. Buoyed by the rally in US semiconductor stocks and the pullback in crude oil prices, the Nikkei 225 opened around ¥63,923.
Tokyo stocks opened higher, extending their gains. The rally in US semiconductor stocks provided a buying catalyst, with buying leading across Japanese equities. The pullback in crude oil prices was also cited as a factor supporting the market.
The Nikkei 225 opened around ¥63,923 and is expected to remain broadly in positive territory against the previous day's close. Across the market, stocks are expected to continue testing higher levels against the backdrop of gains in US semiconductor stocks and lower crude oil prices.
The TSE 33-sector trend showed 23 sectors higher and 10 lower, suggesting that upward trends are likely to prevail overall. Close attention will be needed regarding individual stock movements.