The Nikkei Average opened lower for a second straight session on the morning of the 26th, falling to around ¥62,600, roughly ¥100 below the previous weekend's close, before narrowing its losses. Against a backdrop of declines in U.S. equities and higher crude oil prices, investors have become more cautious.
The Nikkei Average opened lower for a second straight session on the morning of the 26th in the Tokyo stock market, trading around ¥62,600, approximately ¥100 below the previous weekend's close. The decline exceeded ¥500 at one point, but the market gradually found support and narrowed its losses.
Major U.S. equity indexes, including the Dow Jones Industrial Average, fell at the end of the previous week. The nearby December WTI contract in the U.S. crude oil futures market ended up 3.8%, confirming higher crude oil prices and heightening concerns that they could weigh on Japan's economic growth and corporate earnings.
The Nikkei Average quickly found support after opening lower, with overseas speculative investors seen buying on dips in Nikkei futures and AI and semiconductor stocks. Oil-related issues rose on higher crude oil prices, while trading companies including Mitsubishi Corp. were also bought.
The Tokyo Stock Price Index, or TOPIX, is rebounding. Fast Retailing, Tokyo Electron and Recruit declined, while FANUC, Toyota Tsusho and SoftBank Group were also seen rising.