Tokyo stocks open higher on Wall St. gains
TOKYO (Kyodo) -- Tokyo stocks opened higher Thursday, tracking overnight Wall Street gains after a rise in U.S. Treasury yields settled.In the first 1
Tokyo stocks opened higher on Thursday, following gains on Wall Street overnight. The US stock market had risen, partially rebounding from a three-day losing streak, as investors looked for deals in oversold stocks and sectors. All three major US stock indexes gained ground, with the Russell 2000 outperforming its larger-cap peers with a 1.1 percent rise.
According to Briefing.com, cited by RTHK News - Finance, the market enjoyed a broader rebound due to relative stability in crude oil and Treasury yields, easing some of the pressure that drove the week's early losses. Jose Torres of Interactive Brokers noted that messaging from US leaders on the interest rate outlook and bond yields was boosting investor sentiment.
The Philadelphia SE Semiconductor Index rose, with chipmaker Broadcom expected to deliver second-quarter results. Nvidia, Micron, and Qualcomm also gained, with rises of 3.2 percent, 2.4 percent, and 2.0 percent respectively, New Straits Times reported. Tokyo stocks tracked these overnight gains when they opened higher on Thursday, The Mainichi reported.
Brief written by urgent.news from The Mainichi, New Straits Times, RTHK News - Finance — 3 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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- South Korea, Japan stocks climb as Asian equities mirror Wall Street gains businesstimes.com.sg
- Wall Street stocks up despite bond yields, oil rising news.rthk.hk
