With long-term interest rates reaching 3%, the Nikkei 225 edged lower and closed at ¥66,215. TOPIX maintained its 9-session winning streak.
The impact of long-term interest rates reaching 3%, their highest level in 30 years, was evident in the Tokyo market. The Nikkei 225 opened down ¥426 in morning trading, then recovered toward the afternoon session to finish down ¥96 at ¥66,215. Meanwhile, TOPIX rose 25 points from the previous day to 4,181 points, extending its winning streak to 9 sessions.
Among individual stocks, Tokyo Electron fell 2.6% to ¥54,980, reversing lower. A weak market tone in AI and semiconductor stocks came into focus, prompting selling in sectors with high growth expectations. In contrast, Toyota Motor rose 2.8% to ¥3,243 for its fourth consecutive gain, as funds flowed into the automotive sector while movements in AI and semiconductor stocks were subdued.
In other developments, IHI rose 2.0% to ¥2,736, Square Enix Holdings gained 7.0% to ¥3,161, and 六甲バター climbed 8.0% to ¥1,161, with catalyst-driven buying in each stock pushing prices higher.
Looking ahead to the following day, the release of the US ISM Manufacturing PMI and job openings data, along with earnings announcements from Palo Alto Networks and Dell, are scheduled. The market is expected to remain focused on interest-rate trends and sector-specific developments.