Tokyo markets fell slightly for a third consecutive trading session. Selling in AI-related stocks weighed on the market, while SoftBank Group rebounded sharply, supporting the market.
The Nikkei 225 closed down ¥8.89 from the previous day at ¥63,484.10, marking its third consecutive decline. The TOPIX fell 21.05 points to 4,037.16. Of all listed issues, 44% declined and 52% advanced. Trading volume was 1.88588 billion shares, while trading value was ¥7.4384 trillion.
In the Tokyo foreign exchange market, the dollar-yen rate rose to the upper ¥154 range. As of 5:00 p.m., the dollar stood at ¥154.87–88, up 48 sen against the yen from the previous day. The euro rose against the yen and edged lower against the dollar.
The yield on newly issued 10-year government bonds, a benchmark for long-term interest rates, was 3.030%, its highest level in approximately 30 years since September 1996. Bond futures extended their losses toward the afternoon session.
Dubai crude oil futures on the Tokyo Commodity Exchange rose across the board excluding the spot contract. The settlement price for the benchmark February 2027 contract rose ¥1,970 from the previous day to ¥83,190.
Gold futures on the Osaka Exchange fell for a third consecutive trading session. The settlement price for the benchmark August 2027 far-month contract fell ¥112 from the previous day to ¥21,922.
The July Index of Tertiary Industry Activity rose 0.4% (Ministry of Economy, Trade and Industry).
Minister of Economy, Trade and Industry Akazawa said that releasing oil from the national reserves in October would not be necessary, and that subsequent decisions would be made appropriately depending on the situation.
Related items reported as news included a Cabinet decision on consumption-tax cuts and a rise in benchmark land prices.