The Nikkei Average was trading around ¥65,110 on the morning of the 7th, down approximately ¥570 from the previous day. Buying led the market in early trading, but selling ahead of a rebound weighed on the index, which remained soft.
The Nikkei Average was trading around ¥570 below the previous day’s level on the morning of the 7th, reaching ¥65,074.98 at 9:51 a.m. In the previous day’s U.S. market, the SOX edged higher, while the Dow Jones fell for the first time in six sessions and the Nasdaq continued to decline modestly. Buying led the market early on, supported by gains in the SOX and a weaker yen, but upside remained limited as selling ahead of a rebound continued to weigh on the market. The yen-denominated settlement price for Nikkei futures was ¥65,620, up ¥70 from the previous day.
By sector, 10 of the 33 sectors declined and 23 advanced. Nonferrous metal stocks Sumitomo Electric Industries and Fujikura, and machinery stocks Disco and SMC, fell. Electrical equipment stocks Advantest and Tokyo Electron, and securities and commodity futures stocks SBI and Nomura, were also lower. Information and communications stocks Mercari and SoftBank Group, and other financial stocks Orix and JPX, were soft. Chemical stocks including Shin-Etsu Chemical and Sumitomo Bakelite, as well as glass and ceramics stocks, were also weak.
By contrast, oil and coal stocks including Idemitsu Kosan and ENEOS, other products stocks including ASICS and Nintendo, and wholesale stocks including Mitsui & Co. and Mitsubishi Corp. traded firmly and moved higher in the market.
Among individual stocks, エムスリー, Fujifilm, 芝浦 and ユーザーL declined, while Rohto, PHC Holdings, GEO Holdings, Furuya Metal and Fujita Kanko advanced. In the Tokyo foreign exchange market, the dollar was trading in the mid-¥158 range and the euro in the mid-¥182 range as of 10:03 a.m.