The Nikkei Average was down about ¥720 in the morning session on the 9th, with selling initially taking the lead before declines in major stocks such as Advantest and Tokyo Electron narrowed.
Shortly after 10:03 a.m. on the 9th, the Nikkei Average was trading around 720 yen below the previous day's level, after falling to around 892 yen below the previous day's level at 9:20 a.m. In the US market, the NY Dow rebounded, while AI- and semiconductor-related stocks declined, leading to initial selling focused on AI and semiconductor stocks in the Japanese market as well.
The market subsequently showed signs of limiting its losses, as declines in major stocks such as Advantest and Tokyo Electron narrowed. The yen-denominated settlement price for Nikkei futures in Chicago traded around 700 yen below the previous day's level, while the market estimate for the SQ settlement value was also somewhat high.
By sector, 13 of the 33 sectors declined and 20 rose. Nonferrous metal and bank stocks fell sharply, while shipping, services, and oil and coal stocks were firm, with some other stocks also trading higher at times.
In the Tokyo foreign exchange market, the dollar traded at around ¥158 and the euro in the lower ¥177 range.