The Nikkei 225 extended its decline on the 9th, closing at ¥65,142, down ¥126 from the previous day. Although the index opened lower against a backdrop of declines in U.S. stocks, SoftBank Group's 5-session winning streak provided support.
The Nikkei 225 ended trading on the 9th at ¥65,142, down ¥126 from the previous day. After opening lower, the index briefly rose into positive territory during the morning session, but was sold again in the afternoon and ultimately ended trading with a triple-digit decline. Trading value on the TSE Prime Market reached an estimated ¥9.23 trillion.
Among individual stocks, wire and cable makers were bought following a sharp rise in Corning shares in the United States, lifting Fujikura and Sumitomo Electric Industries. Furukawa Electric recorded a double-digit percentage gain. SoftBank Group rose more than 3%, extending its winning streak to 5 sessions and supporting the index. Construction stocks, including Shimizu and Kajima, also performed firmly. ENEOS and Idemitsu Kosan were bought amid higher crude oil prices, while Saikaya's limit-up was well received.
Mitsui Mining & Smelting surged after its investment rating was raised, while Nikon fell sharply after its rating was downgraded. Semiconductor stocks were generally weak, with Tokyo Electron and Advantest declining. Game stocks, including Nintendo, Capcom and Konami Group, also weakened, while securities stocks broadly fell, including Nomura Holdings and Daiwa Securities Group. Kyowa Kirin fell more than 5% after its clinical trial results disappointed investors.
By sector, nonferrous metals, oil and coal products, and mining rose, while securities and commodity futures, services, and retail declined. With central bank events in Japan and the United States scheduled for next week and lingering concerns over long-term interest rates and foreign exchange rates, the Nikkei 225 is expected to continue moving around the ¥65,000 level.
The content of this article concerns market conditions and individual stock movements on the 9th and does not indicate future market trends or provide investment advice.