In the Tokyo market, the Nikkei Average posted a modest decline of 69 yen from the previous weekend. While weak Dow futures weighed on the market, buying ahead of the ex-rights date has provided support.
In the Tokyo stock market on the afternoon of the 28th, the Nikkei Stock Average posted a modest decline of 69 yen from the previous weekend. As of 13:50, it was trading near the previous weekend's closing level, with weakness in US Dow futures weighing on prices. Among Nikkei constituent stocks, イビデン, キオクシアホールディングス and ファーストリテイリング ranked among the top contributors to the decline, with 3 stocks in total.
The leading positive contributors were アドバンテスト, 東京エレクトロン and ソフトバンクグループ, with semiconductor-related stocks supporting the market. By sector, pharmaceuticals, paper and pulp, mining, and metal products led declines, while insurance, banks, electric power and gas, transportation equipment, and securities and futures contributed to gains. Although the market temporarily widened its decline in the afternoon session, as of 13:50 it had recovered to a 69-yen decline.
In foreign exchange, dollar-yen moved toward yen weakness, trading near ¥157.70, providing some support for export-related stocks. As of 12:45 p.m., trading in the Prime Market had reached approximately 1.15 billion shares in volume and approximately ¥4.25 trillion in value, with trading apparently becoming more active, led by individual investors, ahead of the ex-rights date.
In the morning session, the Nikkei Average closed trading down 30 yen, its first modest decline in 6 sessions, and unstable price movements continued in the afternoon. Many market participants reportedly want to assess developments in US markets, while uncertainty in the external environment is weighing on the market and domestic demand ahead of the ex-rights date is providing support.