Key Facts
• On June 3, the Nikkei Index opened at 37,598.31, up 127.64 points.
• Gains followed a rise in U.S. stocks, providing market reassurance.
• Concerns over yen appreciation impacted export-related stocks like Toyota and Honda.
• Tokyo Electron and SoftBank Group started strong, while Mitsubishi Heavy Industries hit a year-to-date high.
• Despite the rebound, the index showed weak recovery momentum compared to prior declines.
Summary
The Nikkei Index opened higher on June 3, gaining 127.64 points to reach 37,598.31, driven by optimism from U.S. stock market gains. However, concerns over yen appreciation weighed on export-related stocks, including Toyota and Honda, limiting the index’s recovery strength. Notable performers included Tokyo Electron, SoftBank Group, and Mitsubishi Heavy Industries, which achieved a year-to-date high. Despite the rebound, the index’s recovery momentum remained subdued compared to previous losses.
