The Nikkei Average opened today's Tokyo stock market down ¥372.90 at ¥68,847.35, while the TOPIX fell 14.22 points to 4,169.89. Selling prevailed at the outset against a backdrop of continued declines in U.S. stocks and rising long-term interest rates.
The Nikkei Average opened on the 18th down ¥372.90 at ¥68,847.35. Trading began amid weakening investor sentiment after all three major U.S. stock indexes fell the previous day.
After the opening, selling emerged mainly in semiconductor-related stocks, although a rebound in the SOX Index provided some support, limiting the extent of moves toward either a broad-based rise or decline. Rising domestic long-term interest rates also acted as a factor raising concern.
By sector, retail and food stocks were among the biggest decliners, while mining, marine transportation and nonferrous metals performed relatively firmly. Tokyo Electron and Aeon were among the stocks with the highest trading value on the Nikkei Prime, with the market fluctuating as both decliners and gainers contributed to the moves.
In terms of individual stock movements, Tokyo Electron and Aeon fell at the open, while some stocks, including Furukawa Electric, Fujikura, Sumitomo Electric Industries and Sumitomo Metal Mining, showed firm performance or positive factors supporting gains. Overall, developments in the U.S. market and long-term interest rates influenced the movement of the Nikkei Average.