Nikkei 225 Hits Record High as Asian Stocks Open Higher
Summary
- Japan's Nikkei 225 index rose 0.91%% shortly after the open, setting a record high.
- Japan's Topix index and Australia's S&P/ASX 200 index also posted broad gains, rising 0.93%% and 0.32%%, respectively.
- International oil prices remained firm, with WTI futures trading at $94.92 a barrel and Brent futures near $96 a barrel.
Forecast Trend Report by Period
Asia-Pacific stock markets opened higher across the board on June 3. Buying interest emerged as investors absorbed geopolitical risks, even with uncertainty lingering over negotiations to end the US-Iran conflict in the Middle East.
In Japan, the Nikkei 225 rose 0.91% shortly after the open, setting a new record high. The broader Topix index also advanced 0.93%, while Australia's S&P/ASX 200 gained 0.32%.
Greater China markets, however, signaled a modest pullback. Hong Kong's Hang Seng Index futures traded around 25,853, below the latest close of 26,038.32.
International oil prices remained firm as military tensions in the Middle East persisted. In after-hours trading on the New York Mercantile Exchange, June West Texas Intermediate futures rose 1.16% from the previous session to $94.92 a barrel. July Brent futures also traded near $96 a barrel.
Meanwhile, South Korea's Kospi market, which had climbed to the 8,900 level during a recent record-setting rally, was closed for a holiday marking the country's ninth nationwide local elections.
