The Nikkei Average traded about ¥230 higher on the morning of the 14th, with buying leading in the morning session. It remained firm thereafter, and the impact of the New York market was viewed as limited.
The Nikkei Average traded about ¥230 above the previous day's level on the morning of the 14th. It rose to around ¥68,010 before 10 a.m. Despite the weakness in US markets the previous day, a sense that stocks had been oversold in the short term came into focus, and buying led the market. The market generally remained firm in response to developments in Japan and the US.
By sector, 11 of the 33 sectors rose and 22 fell. Among individual sectors, nonferrous metals and electrical equipment stocks stood out on the upside, while pulp and paper, chemicals, information and communications, mining, and metal products stocks also remained firm. Air transport and precision instruments stocks, meanwhile, fell.
In the Tokyo foreign exchange market, the dollar-yen pair traded in the ¥158 range and the euro-yen pair in the mid-¥177 range as of 10 a.m. The market was generally calm, including in foreign exchange.
Provided by Wealth Advisor, this article summarizes developments in Japanese stocks.