Tokyo stocks open higher after Wall Street gains
Tokyo stocks rose following positive U.S. inflation data, though gains were tempered by geopolitical tensions in the Middle East. Semiconductor and AI-related shares were among the top performers during the session.
Why it matters
Reflects the sensitivity of global financial markets to U.S. economic indicators and regional geopolitical instability.
TOKYO (Kyodo) -- Tokyo stocks rose Wednesday morning as investors welcomed slowing inflation in the United States, but rising tensions in the Middle East trimmed gains.
The 225-issue Nikkei Stock Average rose 610.41 points, or 0.90 percent, from Tuesday to 68,353.91. The broader Topix index was up 21.52 points, or 0.53 percent, at 4,060.50.
The U.S. dollar mostly traded in the lower 162 yen range in Tokyo, as the yen was bought following the overnight release of the U.S. consumer price index for June, which showed cooling inflation.
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