In Tokyo, the Nikkei 225 rose ¥65.72 from the previous day to ¥65,525.30 at the open, while the TOPIX also gained. Against the backdrop of an upside surprise in the US CPI forecast, the weaker yen and rising interest rates are prompting buying in export-related and financial stocks.
On the 11th, the Nikkei 225 opened at ¥65,525.30, up ¥65.72 from the previous day, and subsequently extended its gains in the Tokyo stock market. The TOPIX also opened higher.
Although the US market fell the previous day on expectations that October's consumer price index would exceed market forecasts, buying entered some export-related stocks as well as bank and insurance stocks against the backdrop of the yen's depreciation and rising interest rates.
As a result, the Nikkei 225 started a third straight day higher, with buying potentially spreading across the broader market, including stocks such as Shiseido and Toray.