4/5/2024 0 Comments Tokyo markets open"While watching the election results, today's Japanese shares may become volatile," Rakuten Securities said in a note to clients. Tokyo Stock Exchange operates while US and European markets close and is the first major market to open after New York finishes. The Tokyo market often serves as a bellwether of sorts for global markets following major events, such as presidential elections and referendums like the Brexit vote. "The Japanese market will have no choice other than to react to the blow-by-blow accounting of ballot tallies in the US presidential election." The Tokyo market may react heavily to election-related headlines that heavily influence algorithm trading, the brokerage added. "Japanese shares are likely to enjoy a further push as hopes surge for further stimulus in the United States after the presidential election." "Tokyo shares are expected to show a technical rebound on the back of gains on Wall Street overnight," Okasan Online Securities said in a note. US shares surged overnight, with the Dow ending 2.1 percent higher, the Nasdaq adding 1.9 percent and the S&P up 1.8 percent.
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