Tokyo stocks open sharply higher, rebounding amid global equity rally
Tokyo shares opened sharply higher on June 3, with the Nikkei Stock Average jumping 504 yen from the previous session to 67,238 yen, rebounding from recent losses.
While Tokyo shares softened on Tuesday, Asian markets broadly advanced and European stocks traded almost entirely in positive territory. Risk-on sentiment persisted in the U.S. as the Dow Jones Industrial Average notched record highs for a fifth straight session, while the Philadelphia Semiconductor Index (SOX) accelerated its gains to hit fresh highs. This triggered rebound-seeking buy orders in Tokyo shares. Expectations are building for a recovery in AI and semiconductor-related shares, with market attention also focused on foreign exchange moves and JGB yields following Tuesday's sharp decline in long-term interest rates.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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