The Nikkei 225 fell further around the middle of the afternoon session on the 29th, with SoftBank Group weighing heavily as a source of downward pressure. It was trading in the upper ¥64,900 range, down approximately ¥900 from the previous day.
Around the middle of the afternoon session on the 29th, the Nikkei 225 fell to approximately ¥900 below the previous day's level and was trading in the upper ¥64,900 range. SoftBank Group's decline, following a sharp drop in the share price of UK semiconductor designer Arm, was cited as a factor behind the decline and weighed on the Nikkei 225.
Selling to realize cash around the fixing of dividend rights continued to weigh on the overall market, with declines in bank and insurance stocks standing out. Financial-sector stocks including Sumitomo Mitsui Financial Group and Tokio Marine weakened, and the decline in the Tokyo Stock Price Index (TOPIX) outpaced that of the Nikkei 225.
At 2 p.m., trading value on the TSE Prime Market was estimated at ¥4.2091 trillion, while trading volume was approximately 1.31597 billion shares. Among individual stocks, TDK and Toyota fell further, and Kioxia also declined. Meanwhile, Bandai Namco Holdings extended its gains, while Disco and Otsuka Holdings were relatively firm compared with the broader market.
Among the stocks cited under textually_related_stocks, the Nikkei-related news article stated that Disco and Otsuka Holdings were higher, while TDK, Toyota and Kioxia were lower. These moves shaped the overall direction of the market.