The Nikkei Average fell for a fourth straight session, though only modestly. In morning trading on the 16th, SoftBank Group alone lowered the Nikkei Average by approximately ¥160.
The Nikkei Average moved modestly lower in morning trading on the 16th, closing the morning session at ¥63,396.00, down ¥88.10. Estimated volume was approximately 810.78 million shares. U.S. markets also fell the previous day, while rising crude oil prices and concerns over growth in AI-related stocks heightened caution in the market. Among the Nikkei Average constituents, gainers outnumbered decliners, with Tokyo Electron, Shin-Etsu Chemical, Nitto Denko and FANUC among those that attracted buying.
SoftBank Group was among the leading negative contributors, lowering the Nikkei Average by approximately ¥160. Kioxia Holdings, Fast Retailing, Ibiden, Otsuka Holdings, Konami Group and Advantest also declined.
Tokyo Electron was the top gainer, contributing approximately ¥47 to the Nikkei Average, followed by Shin-Etsu Chemical, FANUC, Nitto Denko, Fujikura and Murata Manufacturing. Decliners included SoftBank Group, Kioxia Holdings, Fast Retailing, Ibiden and Otsuka Holdings.