Tokyo stocks opened on the 7th with the Nikkei average rebounding to 65746, up 62 yen from the previous day. Although the decline in U.S. stocks created a sense of caution, the market was conducive to buying on perceived value.
Tokyo stocks opened on the 7th with the Nikkei average rebounding to 65746, up 62 yen from the previous day. Although the market was responding to the previous day's decline in U.S. stocks, buying took the lead.
In the previous day's U.S. market, the NY Dow fell 464 points, while the Nasdaq also declined. This spread caution across the market, while the dollar/yen pair traded in the low 158 yen range.
Against this backdrop, buying flowed into the Nikkei average on perceived value even as U.S. stocks declined, and the market has remained in positive territory in the initial trading. The market is now awaiting further developments.