The morning Nikkei average continued its slight increase, gradually taking profits from the temporary 0.039 million yen range.

September 2, 2024, 12:06 PM GMT+9 (excerpt)

In the morning Tokyo stock market, the Nikkei average continued its slight increase, rising by 62.13 yen compared to the previous trading day to 38,709.88 yen. The Nikkei average recovered the milestone of the 39,000 yen range in response to a decrease in concerns about the US economy and a rise in US stocks at the end of the previous week, as well as the weakness of the yen in the exchange rate. However, the slight appreciation of the yen against the dollar during trading hours and profit-taking selling gradually reduced the upward momentum after a round of buying.
The Nikkei average started strong, rising by 377 yen compared to the previous trading day and reached a high of 39,080.64 yen, temporarily increasing by 432 yen. As concerns about the US economy receded due to the confirmation of the resilience of personal consumption in the US economic indicators announced at the end of the previous week, US stocks rose and the dollar strengthened from the mid-144 yen range in Tokyo time to the 146 yen range.