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Tokyo stocks buoyed at open by strong U.S. tech performance

Thu Apr 16, 2026 9:04 am JST Market

The Nikkei average opened higher on April 16, up 345 yen from the previous session at 58,479 yen, extending its winning streak.

In the previous day's U.S. market, hopes for progress in ceasefire negotiations between the U.S. and Iran continued to support sentiment. While the Dow Jones Industrial Average fell slightly, the tech-heavy Nasdaq Composite Index rose for an 11th straight session to a record high. The Philadelphia Semiconductor Index (SOX) also hit a fresh record high. In Tokyo today, gains in U.S. tech shares are expected to drive momentum across the board. The Nikkei has rallied sharply recently, nearly reclaiming levels seen before the Iran conflict broke out, and market participants are watching whether the index can sustain gains after the initial buying subsides.

Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.

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