At the afternoon open on the Tokyo Stock Exchange, the Nikkei 225 was trading in the low ¥64,700s, down approximately ¥400 from the previous day. Buying of Nikkei 225 futures by overseas short-term traders is providing support amid risk aversion driven by concerns over worsening tensions in the Middle East.
In afternoon trading on the Tokyo stock market on the 10th, the Nikkei 225 continued to pare its losses from the morning close and was trading around ¥400 lower. Ongoing risk-averse selling remained a drag, but buying on dips in Nikkei 225 futures by overseas short-term traders continued to provide support in the afternoon session.
As news related to the outlook for the U.S. presidential election, Trump was reported to have indicated at the Republican convention that he would provide $5,000 payments to all adults if the Republicans win both houses of Congress. Some market participants said this could fuel expectations for stronger U.S. consumer spending and ease selling pressure on Japanese stocks to some extent.
Morning trading on the TSE Prime Market generated approximately ¥4.4448 trillion in trading value, with trading volume of approximately 1.07732 billion shares. After the morning close, domestic and overseas institutional investors executed approximately ¥40.4 billion in basket trades.
Among stocks with a high contribution to the Nikkei 225, Tokyo Electron and Fast Retailing fell, while Ibiden, Fujikura and Nintendo also declined. Advantest and Recruit rose, while Mitsubishi UFJ and Chiba Bank also advanced.