Amid the lingering impact of the Lower House election results, Japanese stocks saw the Nikkei Average briefly rise above the 58,000 level in Tokyo trading, while the yen strengthened and the dollar weakened in the afternoon session.
The Nikkei Average briefly rose by more than 300 points in Tokyo trading on the 12th, surpassing the 58,000 level for the first time during trading hours. Buying took the lead against the backdrop of the Lower House election results.
The yen subsequently strengthened and the dollar weakened in the foreign exchange market, with movements in the stock market coming under the influence of currency trends.