The Nikkei Average fell for a fourth straight session, closing at ¥64,214. With few market catalysts, buying interest resumed in trading house stocks, while real estate stocks remained weighed down by the impact of rising interest rates.
The Nikkei Average fell for a fourth straight session, closing at ¥64,214, down ¥111 from the previous day. The TOPIX edged higher. Investors continued to wait for the next market catalyst.
Trading house stocks rose. In addition to expectations of higher resource prices driven by rising crude oil prices, remarks by the Berkshire Hathaway CEO were also a focus, with buying interest in resource-related stocks said to have resumed.
Real estate stocks continued to trend lower under pressure from rising interest rates, while perceptions of their relative cheapness also wavered.
不二電機工業 announced that its operating profit for the February–July period fell 36% year on year. The company explained that soaring material costs were the primary factor weighing on earnings. Meanwhile, ニトリホールディングス surged, buoyed by the stronger yen, reaching its highest level in six months.