Tokyo stocks open higher, supported by Wall Street gains
Tokyo's equity market opened higher on the 3rd, with the Nikkei Stock Average rising 399 yen from the previous session to 64,724 yen at the open, marking a rebound.
In U.S. markets on the 2nd, the Dow Jones Industrial Average and the other major indexes closed higher. The Philadelphia Semiconductor Index (SOX) also rebounded. While markets remained in risk-off mode in recent sessions amid concerns over rising long-term interest rates globally and inflation pressure from higher oil prices, U.S. stocks staged a technical rebound. Gains were limited, however, with major indexes posting only modest advances. Tokyo shares, which fell sharply the previous session, are expected to see buybacks supported by Wall Street gains. Broadcom
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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