Tokyo stocks open higher, buoyed by U.S. semiconductor rally
Tokyo stocks opened with buying momentum on the 23rd, with the Nikkei Stock Average rising 172 yen from the previous trading day to 59,758 yen, extending gains at the opening.
U.S. stocks rose across the board the previous day, with all three major indices including the Dow Jones Industrial Average posting gains. Sentiment improved after U.S. President Trump announced on his social media platform the day before that he would extend the ceasefire period with Iran. The Nasdaq Composite rebounded for the first time in three days and hit a record high. The Philadelphia Semiconductor Index (SOX) marked its 16th consecutive gain, updating its record high for consecutive days. The Tokyo market is also expected to remain firm today, supported by the rally in U.S. stocks. The Nikkei Average has the historic milestone of 60,000 yen in sight for the first time.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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