The Tokyo Stock Exchange's morning closing level was ¥66,333.53, down ¥30.67 from the previous weekend. The market temporarily recovered after following the rise in US stocks, but once buying ran its course, profit-taking selling prevailed.
In the Tokyo stock market at the start of the week, the Nikkei average traded unevenly, while the morning TOPIX stood at 4,135.38, up 6.79 points. Some individual stocks gained in the morning amid the rise in US stocks, but profit-taking selling spread toward the end of the session, leaving the closing level ¥30.67 below that of the previous weekend.
The closing level was ¥66,333.53, while TOPIX was 4,135.38, up from the previous day. The rise in US share prices spread to the Tokyo market, and some stocks, including semiconductor-related issues, gained.
This was the final day on which investors could qualify to receive interim dividends from companies with fiscal years ending in March, and buying aimed at securing dividend rights also entered the market.
Overall, buying led the market at times against the backdrop of higher US stocks, while profit-taking selling prevailed toward the end of the session. To assess today's moves, attention will need to be paid to developments in the US market after the afternoon session and to individual stocks after the ex-rights date.