The Nikkei average traded around 70,000 in the morning session on the 6th, approximately ¥210 higher than the previous day. After opening higher, it briefly turned lower, but high-priced stocks such as Advantest, Recruit Holdings and Fast Retailing remained firm and pushed the index higher.
In the Tokyo market's morning session on the 6th, the Nikkei Stock Average traded around 70,000, approximately ¥210 higher than the previous day, reaching ¥70,355.93 at 9:33 a.m. After opening higher, it briefly turned lower, but high-priced stocks such as Advantest, Recruit Holdings and Fast Retailing remained firm and supported the index.
By sector, 25 of the 33 sectors rose and 8 fell. Precision instrument and some service stocks rose sharply, while insurance, nonferrous metals, steel, transportation equipment, banking and other products stocks were also relatively firm. Electric power and gas, and oil and coal products stocks, were weak.
In the U.S. market, crude oil futures fell and concerns about inflation receded, while the Dow Jones Industrial Average rose for a third consecutive day. The Nasdaq Composite rose for a fourth consecutive day, and the movements of the Dow and Nasdaq are believed to have influenced Japanese stocks as well. The yen-denominated settlement price of Chicago Nikkei futures traded ¥40 above the Osaka Exchange settlement price.
In the foreign exchange market, as of 10:00 a.m., the dollar was trading around the mid-¥157 range and the euro around the low-¥177 range.