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Tokyo Stocks Open Higher, Nikkei Surpasses 58,000 on Global Equity Rally
Tokyo stocks opened sharply higher on the 15th, with the Nikkei Stock Average rising 387 yen from the previous trading day to 58,265 yen, extending gains.
European stock markets saw broad-based gains the previous day, while the U.S. market continued its bullish trend led by technology stocks. The Nasdaq Composite Index recorded its 10th consecutive gain, and the Philadelphia Semiconductor Index (SOX Index), composed of semiconductor stocks, also posted its 10th straight advance with a rise of over 2%, continuing to set new record highs. In response, the Tokyo market saw buying from overseas investors with increased risk appetite, lifting the overall market. The Nikkei average recovered the key 58,000 level at the opening. A sharp decline in crude oil futures also contributed to easing excessive concerns about corporate earnings, providing additional support to the broader market.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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