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Tokyo stocks open higher, supported by U.S. stock gains
The Tokyo stock market opened higher on the 1st, with the Nikkei Stock Average rising 94 yen from the previous day to 59,379 yen, rebounding at the opening.
In the U.S. stock market on the previous day, the Dow Jones Industrial Average rose 790 dollars, and the Nasdaq Composite Index hit a record high. Following the gains in U.S. stocks, the Tokyo stock market also opened higher. The exchange rate is trading at around 157.00 yen to the dollar, significantly stronger compared to the previous day's evening level, due to foreign exchange intervention by the government and the Bank of Japan.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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