After a flat start and a susbsequent fall to lower levels, the Japanese stock market rebounded into positive territory on Tuesday before drifting lower again due to lack of support at higher levels.
The benchmark Nikkei 225 index, which shot up to around 10,683 from a low of 10,597.7, is currently in negative territory at 10,625, with a loss of 9.20 points or 0.09%.
On Monday, the Nikkei had ended up 140 points or 1.33% at 10,634.23, a four-month closing high.
Mining stocks are trading higher thanks to a firm global trend. Real estate, transport equipment, gas and retail stocks are also among the other prominent gainers. Meanwhile, insurance, manufacturing and pharmaceuticals stocks are mostly trading in the red, while automobile, banking and electric power stocks are exhibiting a mixed trend.
In the currency market, the U.S. dollar traded in the upper 91 yen range in early deals in Tokyo. The yen is currently trading at 91.71 to the U.S. dollar.
Among other markets in the Asia-Pacific region, Australia is trading notably higher. New Zealand, Singapore and Taiwan are up with modest gains, while South Korea and Malaysia are exhibiting weakness. Markets across the region had closed moderately higher on Monday.
On Wall Street, stocks managed to close modestly higher on Monday and extended their winning streak to a sixth successive session. After moving in a somewhat choppy fashion early on, the major averages moved to the upside going into the close.
The Dow moved up 27 points or 0.3% to 10,547.1, the Nasdaq advanced by 5.4 points or 0.2% to 2,291.8 and the S&P 500 edged up 1.3 points or 0.1% to 1,127.8.
Major European markets ended moderately higher on Monday. The French CAC 40 index and the German DAX index gained 0.9% and 0.8% respectively, while the U.K. markets were closed on the day.
Crude oil gained for a fourth straight day on Monday on improved demand prospects as strong holiday sales data boosted the outlook for the economy. Oil also got a boost from a slightly weaker dollar and turmoil in the Middle East. Light sweet crude for February rose to US$78.77 per barrel, up 72 cents on the session.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.