Business · Markets · 16 hrs ago

Tokyo stocks rise after five-day losing streak

Tokyo stocks rise after five-day losing streak

Tokyo stocks opened higher on Monday after falling sharply over the previous five trading days.

The Nikkei 225 rose 2.05% in the first 15 minutes, while the broader Topix gained 2.81%.

The Nikkei had lost more than 7,200 points in five trading days.

The rise was supported by buybacks, when investors buy shares after prices have fallen.

Oil and coal product, bank and nonferrous metal stocks were among the main gainers on Tokyo’s Prime Market.

The early rebound followed a steep run of losses, but the figures cover only the start of Monday’s trading.

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