The Nikkei 225 briefly topped ¥70,000 in the Tokyo stock market, recovering to a level not seen in 3 months. The buying of technology stocks continued after U.S. stocks rose on the previous weekend as expectations for a U.S. rate hike receded.
In Monday's Tokyo stock market, the Nikkei 225 briefly rose above ¥70,000, recovering to a 3-month high. Buying of technology stocks continued after expectations for an early rate hike in the United States receded in the U.S. market on the previous weekend.
As of 11:00 a.m., the Nikkei 225 stood at ¥66,961.57, approximately ¥1,652 higher than the previous day. At one point, the gain on the previous weekend exceeded ¥1,700, indicating that buying to cover short positions remained active in the market.