TOKYO, June 22 — Tokyo stocks opened higher on Wednesday as investors took heart from a strong bounce back on Wall Street following last week’s rout over inflation fears.
Wall Street stocks bounced overnight, starting a holiday-shortened week on a positive note as investors debated whether the rally could signify a market comeback. Analysts described the market as primed for a rally after heavy losses for most of 2022 that have left stocks “oversold” on a short-term basis.