The Tokyo stock market traded directionlessly this morning, with selling in technology stocks leading in the early session before buying returned, particularly in undervalued issues. The Nikkei average's morning close was ¥65,598.68, while TOPIX stood at 4,086.73.
Morning trading on the Tokyo Stock Exchange was directionless, with sell orders swelling, particularly for technology stocks. In the previous day's US market, indexes focused on AI and semiconductor-related stocks fell, and the Japanese market followed a similar trend.
After the selling subsided, buybacks driven by a sense that prices were attractive gained momentum, and the Nikkei average edged into positive territory after moving around the previous close. The morning close was ¥65,598.68, up ¥70.59 from the previous day, while TOPIX stood at 4,086.73.