Tokyo Market Summary: Nikkei Rebounds, Dollar in Lower 162 Yen Range, Long-Term Yield at 2.710%

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On the 14th, the Nikkei Stock Average rebounded in the Tokyo market, closing at 67,743.50 yen, up 500.77 yen from the previous day. In the morning, semiconductor-related stocks were sold following the previous day's decline in US tech shares, but buying back emerged in tandem with a rise in South Korean stocks, leading to a recovery. The TOPIX also rebounded, rising 31.49 points to 4,038.98, with 76% of stocks advancing and 21% declining. In the foreign exchange market, safe-haven dollar buying prevailed amid US-Iran tensions, pushing the dollar-yen pair into the lower 162 yen range. As of 5 p.m., it stood at 162.34-34 yen, up 0.26 yen from the previous day, marking a stronger dollar and weaker yen. In the bond market, long-term government bond futures surged, with the lead September 2026 contract up 0.57 yen at 127.66 yen. The yield on newly issued 10-year government bonds fell 0.075 percentage points to 2.710%. On the Tokyo Commodity Exchange, Dubai crude oil futures extended sharp gains amid escalating Middle East tensions, with the lead December contract settling 2,560 yen higher at 77,320 yen. Gold futures on the Osaka Exchange continued to decline but trimmed losses following remarks by US President Trump.

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