In the Tokyo market at the afternoon session open on the 7th, the Nikkei average was trading in the upper ¥70,000 range, down about ¥500 from the previous day. The impact of lower Asian stocks and large-block transactions is weighing on market sentiment.
At the afternoon session open on the 7th, the Nikkei average was trading in the upper ¥70,100 range, down about ¥500 from the previous day, with selling concentrated in AI and semiconductor-related stocks. Investor sentiment was also weighed down by declines in Taiwan's weighted index and South Korea's KOSPI, where semiconductors account for a large share of the market.
Market analysts at a domestic securities firm said that when the Nikkei average approaches ¥70,000, investors who missed the earlier buying opportunity may view a pullback as a chance to buy.
After the morning close, basket transactions, in which domestic and overseas institutional investors trade multiple stocks in a single package off-auction on the TSE, totaled approximately ¥22.8 billion. As of 12:45 p.m., trading value on the TSE Prime Market was approximately ¥4.2702 trillion and trading volume was approximately 1.13725 billion shares.
Among individual stocks, 東エレク, アドテスト and キオクシア remained lower. ソフトバンクグループ, 太陽誘電 and スズキ, meanwhile, rose.