Stocks, interest rates, foreign exchange: The morning session of the Nikkei Average continued to rise, with leading stocks rising following the higher US stocks.

<11:45> The Nikkei average continues to rise in the morning, with leading stocks pushed up by the high U.S. stock market.
In the morning session of the Tokyo stock market, the Nikkei average continued to rise by 584.83 yen to 38,868.68 yen compared to the previous trading day. It carried over the solid trend in the U.S. stock market from the previous week. Buying dominated a wide range of industries in the Tokyo stock market, with leading stocks rising across the board. At one point, the Nikkei average exceeded the psychologically significant 39,000 yen.

<11:07> Government bond futures continued to rise in the morning, with long-term interest rates falling to 1.075%, supported by high U.S. bond prices.
The center of government bond futures, the December contract, continued to rise, closing the morning trading at 142.79 yen, up 7 sen from the previous trading day. U.S. bonds were bought, causing interest rates to fall and providing a tailwind for the market. The yield on newly issued 10-year government bonds (long-term interest rates) fell by 0.5 basis points to 1.075%.

At 10:50, the dollar remained heavy at around 153 yen, as US interest rates fell, and the Australian dollar hit a two-week high.
The dollar continued to be under selling pressure even after the midday fixing, temporarily falling to 153.65 yen before 11 a.m., marking the lowest level in a week since the 19th of this month. In anticipation of Mr. Besent's appointment as Treasury Secretary, the yield on the US 10-year bond also fell to the 4.35% range during Asian trading hours, down from around 4.40% at the end of last week.
In the market, there were voices saying, "Many see him as taking a fiscally hawkish stance, which could be a factor contributing to the decline in US interest rates," according to a foreign bank analyst.