Buying prevailed from the opening in the Tokyo stock market, with the Nikkei 225 starting up ¥141 from the previous day at ¥66,505. Attention will need to be paid to developments in the US and uncertainty surrounding the situation in the Middle East.
In the Tokyo market on the 28th, the Nikkei 225 opened up ¥141 from the previous day at ¥66,505 as buying and selling were mixed, marking a higher start for a second straight session. Strength in the market was supported by a rebound in the US Dow and gains in the Nasdaq.
While expectations of renewed negotiations toward a final agreement between the US and Iran supported investor sentiment, renewed uncertainty surrounding the situation in the Middle East spread, and the yen has recently moved rapidly toward appreciation. Domestically, concerns about rising interest rates remain strong, and the equity market is likely to face volatile trading.
Some observers believe that near-term profit-taking pressure is likely to come into focus, and the direction of price movements could change depending on developments.