Japan Market Daily | Kabutaro & Friends

On November 11, the Nikkei 225 rose for a third straight day on the Tokyo stock market, closing at 61,248.59, up 789.01 yen (1.31%) from the previous day and recovering the 61,000 level. In the U.S. market the previous day, the October consumer price index came in above expectations and the Dow fell 157 dollars on expectations of further rate hikes, but in Tokyo the buyback following last week's sharp drop continued. Advantest, Tokyo Electron, Ibiden, TDK and Kioxia together lifted the Nikkei 225 by about 670 yen. Meanwhile, Fast Retailing and Recruit Holdings declined, with Fast Retailing alone pulling the index down by about 88 yen. By sector, textiles, electric appliances and banks rose, while rubber products, land transportation and air transportation fell. On the TSE Prime Market, 836 stocks rose and 668 fell, and trading value was about 8.70 trillion yen. The dollar was in the upper 158 yen range as of 3 p.m.