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Tokyo stocks mixed at open, upside limited but dip-buying appetite remains strong
Tokyo stocks opened slightly higher on Monday, with the Nikkei Stock Average rising 33 yen from the previous close to 66,363 yen, extending its gains.
While the Nikkei faces profit-taking on concerns over the recent rapid pace of gains, dip-buying remains resilient on declines. On Wall Street on Friday, the Dow Jones Industrial Average extended its winning streak to a third straight session, and all three major indexes remained firm to continue their record-breaking runs. Falling WTI crude oil futures and declining long-term interest rates in both Japan and the United States also continue to support equities. During trading hours, the market may be driven by news flow regarding peace negotiations between the United States and Iran.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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