At the TSE close on the 24th, the Nikkei Average fell for a second straight session, ending down ¥488.27 from the previous day at ¥65,528.09. Selling of AI and semiconductor-related stocks, rising long-term interest rates in Japan and the United States, and falling South Korean stocks weighed on the market.
In the Tokyo stock market on the 24th, the Nikkei Average fell for a second straight session, closing ¥488.27 below the previous weekend at ¥65,528.09. The decline temporarily exceeded ¥500 as selling of AI and semiconductor-related stocks pushed the market lower. The impact of rising long-term interest rates in Japan and the United States, as well as higher oil prices stemming from uncertainty over the situation in the Middle East, were also cited as factors. Falling South Korean stocks also weighed on the Nikkei Average.
Buying on dips around the 25-day moving average helped limit the Nikkei's decline, and the index rose by around 200 points at one stage in the morning. The view that earnings were generally strong also provided support in some parts of the stock market.
The TSE Prime Index rose for a third straight session, closing at 4,073.29, up 0.15%. The JPX Prime 150 Index ended up 0.25% at 1,700.69. Trading value on the TSE Prime Market was estimated at ¥7.0636 trillion, the lowest level since April, while trading volume was 1.88234 billion shares. There were 662 decliners, 843 gainers and 51 unchanged stocks for the day.
By stock, Fujikura and Furukawa Electric were sold, while Ibiden and Fast Retailing also fell. Hitachi Construction Machinery and Komatsu attracted buying, while Recruit and Sony Group rose.
Breaking news was reported through Nikkei QUICK News (NQN), with the overall view expressed that market sentiment toward AI and semiconductor-related stocks had weighed on the market.