The Nikkei 225 began trading at the start of the week approximately ¥300 higher and briefly recovered to the ¥66,000 level. Buying led gains in technology stocks, while the market is expected to face resistance from factors including higher oil prices.
The Nikkei 225 began trading at the start of the week approximately ¥300 higher and subsequently extended its gains, briefly recovering to the ¥66,000 level.
Technology-related stocks led buying, as the easing of inflation concerns following a slowdown in the U.S. July jobs report spilled over into the Japanese market.
Against this backdrop, buying progressed in the Tokyo market, particularly in technology stocks, but gains are expected to remain limited because of the impact of rising crude oil futures prices.