The Nikkei Average posted its sharpest decline in 4 sessions, closing in the ¥63,290 range. As selling spread across AI-related stocks, Harima Chemicals Group was bought in the afternoon session and hit the daily price limit.
On the 30th, the Nikkei Average posted its sharpest decline in 4 sessions, closing at ¥63,290, down ¥1,369.36 from the previous day. Selling driven by weaker US equities and Intel's sharp after-hours decline led from the open, with the drop briefly exceeding ¥1,900. The market at times fell broadly, led by AI-related stocks, although some stocks also attracted buying.
The BOJ's monetary policy meeting decision was released during the midday break, and the rate hike was deferred. Market turmoil was limited, but the announcement of an accelerated pace of sales of the ETFs it holds was reported as a surprise. In the afternoon session, the decline gradually narrowed as selling in AI-related stocks eased, and trading ended.
Trading value on the TSE Prime Market was approximately ¥8.46 trillion. By sector, air transportation, marine transportation and land transportation rose, while nonferrous metals, electric appliances, and glass and ceramics products declined.
Among individual stocks, Harima Chemicals Group attracted buying in the afternoon session and hit the daily price limit after announcing an upward revision and a dividend increase. In contrast, Takaoka Toko briefly hit the daily price limit down in the afternoon session after its first-half results fell short of market expectations.
The Nikkei Average maintained a four-digit decline into the close and ended trading near the afternoon session high.