The Nikkei Average stood at ¥65,780.26 in morning trading on the 24th, down ¥236.10 from the previous weekend, as a decline in SoftBank Group weighed on the index while Tokyo Electron's positive contribution provided support.
In morning trading on the Tokyo stock market on the 24th, the Nikkei Average fell ¥236.10 from the previous weekend to ¥65,780.26, continuing to move lower. On the Tokyo Stock Exchange Prime Market, 856 stocks advanced, 625 declined and 69 were unchanged. Although gainers outnumbered decliners across the market, falls in large-cap stocks with high index contributions weighed on the benchmark.
SoftBank Group was the Nikkei's largest negative contributor, dragging it down by ¥165.73. It was followed by Advantest at ¥120.68, Fujikura at ¥46.26, Kioxia at ¥44.12 and Ibiden at ¥38.22, with declines in semiconductor-related stocks weighing on the index as a whole.
Tokyo Electron was the largest positive contributor, lifting the index by ¥85.48. It was followed by Sumitomo Metal Mining, Hitachi Construction Machinery, Sony Group and Komatsu, each of which made a positive contribution. Even among semiconductor-related stocks, Tokyo Electron and Advantest showed divergent performances.
The decline was limited at 10:00, when the Nikkei was down ¥24.30 at ¥65,992.06, but falls in SoftBank Group and Advantest subsequently widened, sending the index's decline to more than ¥200 by 11:00.