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Tokyo stocks rise at open, supported by overseas gains despite near-term profit-taking pressure
Tokyo stocks opened mixed on Monday, with the benchmark Nikkei Stock Average rising 319 yen from the previous session to 63,658 yen, extending its gains.
Despite ongoing high volatility and sharp swings, the Nikkei has surged over 3,500 yen during the final two sessions of last week, hitting fresh record highs and shifting investor sentiment back to bullish territory. Friday's gains in European markets and a continued record run for Wall Street's Dow Jones Industrial Average provided tailwinds for the Tokyo market. However, near-term caution over the rapid pace of the rally is likely to spark profit-taking as investors monitor government bond yields. Meanwhile, buying interest remains strong for individual names with solid earnings.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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