The Nikkei Stock Average opened higher in Tokyo on the 16th, rising ¥188.03 from the previous day to ¥63,672.13. Semiconductor-related stocks attracted buying against a backdrop of declines in US stocks, while the market at times extended its losses as crude oil prices rose.
The Nikkei Stock Average opened higher in Tokyo trading on the 16th. It opened at ¥63,672.13, up ¥188.03 from the previous day, with buying strong in semiconductor-related stocks despite weakness in US equities.
Buying in semiconductor-related stocks supported the market, while crude oil futures surged on concerns about supplies of Middle Eastern crude. This weighed on the stock market, and the Nikkei soon turned lower, at times extending its decline to more than ¥100.