The Tokyo stock market expanded its gains on the morning of the 14th against a backdrop of higher U.S. stocks, with the Nikkei Average briefly recovering to ¥69,000. Buying was particularly pronounced in technology stocks, and the market tone was reported to have improved.
In morning trading on the Tokyo stock market on the 14th, the Nikkei Stock Average extended its gains, at one point coming close to a ¥1,300 increase. The broad-based rise in major U.S. stock indexes was reported to have supported increased activity in the domestic market.
Against this backdrop, the Nikkei Average briefly recovered to ¥69,000. Market participants said that global capital flows driven by gains in U.S. stocks and increased IT investment by Japanese companies supported the market.
According to the article, buying was particularly pronounced in technology stocks in the Tokyo market, with related issues reportedly driving the broader market higher. The article does not provide details of specific names or sector-by-sector trends.
The morning reports were based on the overall rise in U.S. stocks and an improvement in market conditions. Further coverage is expected to focus on individual companies’ IT investment and trends in the U.S. market.