Nikkei Stock Average Closes Up 69 Yen, Briefly Surpasses 39,600 Yen

The Nikkei Stock Average in Tokyo opened higher, buoyed by gains in U.S. tech stocks. The index rose 0.62% at the open, reaching 39,332.55, and continued to climb, ending the morning session up 0.28% at 39,197.57 yen. The market was supported by expectations of U.S. interest rate cuts, with the Nikkei tracking Wall Street's upward trend. However, profit-taking capped the rise, and the market saw some volatility with the yen fluctuating around 150 yen to the dollar. Nikkei futures were up 0.92%, and the index saw gains of 241 yen at the open, 200 yen at 10:45 AM, and 104 yen at 9:15 AM. The Nikkei closed the day with a modest gain of 69 yen, finishing at 39,160 yen, after briefly surpassing the 39,600-yen mark and extending its gains for four consecutive days.