Tokyo stocks open higher for second day, buoyed by resilient U.S. tech shares
The Nikkei opened up 352 yen at 67,106 yen on Oct 1, extending gains for a second straight session and reclaiming 67,000.
In the U.S. market in the prior session, the Dow Jones Industrial Average declined, while the Nasdaq Composite ended slightly in positive territory. The Philadelphia Semiconductor Index (SOX) held about flat. Rising U.S. long-term interest rates weighed on equities broadly, but investment funds continued to flow into select technology stocks, with big-tech names generally performing well. After regular trading closed, Micron Technology reported earnings matching market expectations, delivering solid results. Against this backdrop, Tokyo shares are expected to trade on a firm footing on Oct 1.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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