Nikkei ends above 60,000 on oil prices fall, dip-buying
TOKYO (Kyodo) -- The Nikkei stock index ended above the 60,000 line Tuesday, briefly surging over 3 percent, with dip-buying and a fall in crude oil f
The Nikkei stock index finished above the 60,000 threshold on Tuesday, climbing more than 2.8% to close at 60,459.58 points. This marked a brief surge above the 3% mark. The broader Topix index also gained 1.98%, closing at 3,893.71 points. The Prime Market leaders were textile, apparel, machinery, and electric appliance companies.
The U.S. dollar hovered around 158 yen amid anticipation of October's consumer price index data. The Nikkei reclaimed the psychologically significant 60,000 level for the first time since Friday, thanks to a fall in West Texas Intermediate crude oil futures below $90 per barrel and Wall Street's overnight gains. The decline in the Tokyo market last week followed a global sell-off sparked by a Democratic victory in the U.S. midterm elections, which increased uncertainty over AI regulations.
Written by urgent.news from The Mainichi's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
