The Nikkei 225 was up ¥236 after the open, moving range-bound after buying led the market initially. Higher US stocks, lower oil prices and stable long-term interest rates are providing support, while investor interest in stocks reporting earnings is expected to continue.
The Nikkei 225 was up ¥236 after the open and has been trading range-bound after buying led the market initially. The rise in major US market indices, lower crude oil futures and stable US long-term interest rates have reportedly been supporting the domestic market. The market also appeared to be seeing a pause in selling following the Nikkei 225's sharp decline the previous day.
With quarterly earnings announcements from domestic companies continuing, investor interest in stocks reporting strong results is seen as providing underlying support.
Meanwhile, the rise in the Dow alongside the decline in the SOX Index was also cited as weighing on AI-related and semiconductor-related stocks. As a result, some observers have taken a somewhat cautious view of intraday stock movements.
Interest is also high in domestic and overseas political and policy developments, with some market participants said to be waiting to assess developments following the US midterm elections. There have also been comments that issues such as information leaks caused by unauthorized access in Japan are making investor sentiment more cautious.
LTV-X newly listed on the Nagoya Stock Exchange Next market today. It reportedly moved back into range-bound trading after the open.