The Nikkei Average fell ¥96 in afternoon trading, extending its decline. Although it briefly turned higher during the morning session, selling prevailed toward the end of the session, widening the decline.
The Nikkei Stock Average ended the afternoon session on the 1st at ¥66,215.34, down ¥96.59 from the previous day. In the morning, it briefly fell ¥735.32 to ¥65,576.61, after which selling pressure eased at times, but selling ultimately picked up again toward the close.
The Tokyo Stock Price Index (TOPIX) rose 25.57 points to 4,181.86, extending its advance to 9 consecutive sessions, while continuing to be influenced by movements in stocks with a high contribution to the index. Some AI-related and semiconductor stocks were weak against a backdrop of rising U.S. interest rates, weighing on the Nikkei Average.
By sector and stock, service stocks such as Rakuten Group and Recruit Holdings, as well as nonferrous metal stocks such as Mitsui Mining & Smelting and Fujikura, declined. Meanwhile, some electric power and gas, steel, mining, and oil and coal products stocks rose relatively strongly.
Trading volume on the TSE Prime Market was 2.27826 billion shares, while trading value was ¥7.5016 trillion. There were 845 advancing issues, 662 declining issues, and 49 unchanged issues.