The Nikkei Average opened ¥40 higher and has since traded near the previous Friday’s closing level. Gains in U.S. stocks, the decline in the SOX Index, and movements in crude oil futures prices and U.S. long-term yields affected investor sentiment.
The Nikkei Average is up ¥40 and has traded near the previous Friday’s closing level since the open. This level is based on observations as of 9:05 a.m.
Selling pressure led the Tokyo market somewhat today. Although all three major U.S. stock indexes rose in Friday’s session, the SOX Index declined, weighing on semiconductor-related shares.
In overseas markets, crude oil futures prices and U.S. long-term yields remained firm, making investor sentiment more cautious. The upcoming release of NVIDIA’s earnings on the 26th is also thought to have had an impact.
After the open, the Nikkei Average has traded near the previous Friday’s closing level.