The Nikkei 225 fell ¥644 in the morning session before its decline eased, while TOPIX edged higher. The report also covers the range-bound dollar-yen exchange rate around ¥158 to the dollar, as well as trading volume and stock movements on the TSE Prime Market.
In the morning session on the 7th, the Nikkei 225 fell sharply by ¥644.10 from the previous day to ¥6,039.16. TOPIX, meanwhile, edged higher to 4,060.68 points, marking its first rebound in four sessions. The Nikkei 225 turned lower as AI-related stocks weakened and it came under selling from investors waiting for a rebound.
The Nikkei 225 fell as low as ¥64,651.49 at 10:42 a.m., but the decline subsequently eased on dip-buying, and the overall market showed a modest recovery. The dollar-yen exchange rate remained range-bound around ¥158 to the dollar.
Trading volume on the TSE Prime Market was 1,314.96 million shares, with trading value of ¥5.3764 trillion. Advancing issues totaled 931, declining issues 585, and unchanged issues 37.
By sector, 11 of the 33 sectors declined and 22 advanced. Declines were particularly pronounced among nonferrous metals, glass and ceramics, machinery, and electrical equipment stocks, while oil and coal products, other products, and wholesale stocks rose.
The article does not provide details of afternoon trading. Lists of individual stocks that rose and fell may be updated in a follow-up report.