Japanese stocks opened higher and continued to rise, with the Nikkei 225 index up over 1%, and spot gold recovered to 4,900 USD
On Wednesday, Japanese stocks opened higher and continued to rise. By the end of the morning session, the Nikkei 225 index was up 1.2% to 57,253.46 points. The Tokyo Stock Exchange index rose 1.4% to 3,813.05 points. The US dollar rose 0.24% against the Japanese yen, trading at 153.67. Spot gold rebounded above $4,900, with an intraday increase of 0.51%
Against the backdrop of major markets in Asia being closed for the Lunar New Year holiday and light trading, the Japanese market has become the focus. The significant political shift with the entire Japanese cabinet resigning and the election of a new prime minister, combined with the stabilization of U.S. stocks overnight, led to the Nikkei 225 index ending its three-day decline, while the yen depreciated.
On Wednesday, Japanese stocks opened higher and continued to rise. By the end of the morning session, the Nikkei 225 index was up 1.2% to 57,253.46 points. The Tokyo Stock Exchange index rose 1.4% to 3,813.05 points.
The cabinet of Prime Minister Kishi Nobusuke resigned in full on the morning of the same day, and the National Diet's House of Representatives and House of Councillors will hold a prime ministerial election in the afternoon. According to Xinhua News Agency, the newly elected prime minister will form a new cabinet on the same day.
The dollar rose 0.24% against the yen, trading at 153.67. Spot gold rebounded above $4,900, with an intraday increase of 0.51%
