kabutan

Tokyo stocks open sharply higher, buoyed by U.S. tech rally

Thu May 7, 2026 9:06 am JST Market

The Tokyo stock market opened sharply higher on the 7th, with the Nikkei Stock Average rising 728 yen from the previous trading day to 60,241 yen at the opening, continuing its advance.

While Japan was on an extended holiday, buying flowed into the U.S. stock market, particularly in technology stocks, pushing levels higher. Reports that the end of hostilities with Iran is near have fueled positive sentiment. On the 6th, the U.S. ADP employment report for April was released, showing stronger-than-expected growth. The U.S. stock market rose across major indices that day. The Nasdaq Composite Index and S&P 500 Index hit record highs, while the Philadelphia Semiconductor Index (SOX) also renewed its record high for consecutive days. This is expected to provide tailwinds for the Tokyo market today as well. Semiconductor-related stocks started with buying dominance.

Source: MINKABU PRESS

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

Related Articles