In the Tokyo stock market on the morning of the 26th, the Nikkei fell for the 3rd consecutive day, standing at ¥62,214.66 at the morning close. Selling in AI and semiconductor-related stocks pushed the index lower, while TOPIX rebounded to 3,979.34. In the afternoon, the market continued to lack direction amid developments surrounding technology earnings and the Middle East and crude oil prices, despite narrowing its losses.
In the Tokyo stock market on the morning of the 26th, the Nikkei Stock Average ended at ¥62,214.66, down ¥478.50 from the previous Friday. High-priced AI and semiconductor-related stocks pushed the index lower, while dip-buying emerged in other stocks, lifting TOPIX by 13.53 points to 3,979.34. The market lacked direction amid upcoming central bank meetings in Japan, the United States and Europe and U.S. technology earnings from the start of the week.
Among the index's contributors, Advantest and Tokyo Electron were the top negative contributors, followed by Fast Retailing. Toyota Tsusho was the top positive contributor, while Mitsubishi Corp. and Itochu also supported the market's advance. By sector, mining led gains, followed by oil and coal products and real estate, while AI and semiconductor-related stocks were relatively soft.
Market participants said the number of events scheduled for this week was prompting investors to refrain from active trading. While the break below a key TOPIX level was encouraging dip-buying in stocks other than AI names, AI-related stocks were expected to remain under selling pressure ahead of earnings. Overseas, higher crude oil prices and renewed tensions in the Middle East continued to weigh on markets.
In afternoon trading, the Nikkei moved around ¥270 below the previous Friday's level, and afternoon trading resumed near the morning close. Trading volume exceeded approximately 1 billion shares during the day, while trading value reached approximately ¥3.6301 trillion.