At the morning close on the 4th, the Nikkei Stock Average was down ¥2,246.50 from the previous day at ¥6,835.36, while the TOPIX was also down 98.01 points at 3,832.27 points, with both indexes posting sharp declines for 3 consecutive sessions.
Selling prevailed from the morning, and the Nikkei Average fell below ¥61,000 during trading hours. The low for the morning session was ¥60,799.11, with the day's low recorded at 11:25 a.m. Factors related to developments surrounding the U.S. midterm elections weighed on the market, and weakness continued, particularly among technology stocks.
Trading volume on the Tokyo Stock Exchange Prime Market was 1.32614 billion shares, and trading value was ¥4.694 trillion. There were 417 advancing issues, 1,104 declining issues and 31 unchanged issues.
By sector, 28 of the 33 sectors declined. Oil and coal stocks and nonferrous metal stocks were weak. Airline and real estate stocks were among the gainers, while several machinery and metal products stocks declined.
Among major stocks, Furukawa Electric, Sumitomo Electric, Idemitsu Kosan and ENEOS were lower, while mining stocks including INPEX and Japan Petroleum Exploration were also weak. In contrast, airline stocks such as JAL and ANA were firm, while real estate stocks such as Mitsui Fudosan and Mitsubishi Estate also showed solid performance.
Provided by Wealth Advisor Co., Ltd., “Wealth Advisor”
Related stocks include Furukawa Electric, Sumitomo Electric Industries, Idemitsu Kosan, ENEOS Holdings and INPEX.