The Nikkei rebounded at the opening of the afternoon session in the Tokyo stock market, rising to the mid-¥63,500 range, moving above the morning session level and into positive territory. The Nikkei's movement is being closely watched against the backdrop of developments in the US-China relationship and major stocks.
The Nikkei moved above the morning session level at the opening of the afternoon session, rising approximately ¥248.94 to ¥63,539.05. The broader market moved higher, with broad-based buying observed as a factor behind intraday price movements.
The TSE's 33-sector trend showed 16 sectors rising and 17 falling, with advancing sectors holding a slight edge overall. Market news has also covered developments in US equities and movements in the currency market.
By sector, buying was seen in stocks including semiconductor- and IT-related names, with movements in some major stocks supporting the market. Further developments will depend on afternoon trading, and additional market updates are awaited.