In the Tokyo market shortly after 14:00, the Nikkei Average narrowed its decline to the low ¥64,900 range at one point and gained resilience against a backdrop of firm U.S. equity futures. TOPIX temporarily rose, while Recruit and trading and resource companies lifted the index.
Around 14:00, the Nikkei Average fell temporarily to a level about ¥400 below the previous weekend's close, then recovered about ¥1,100 from the morning low to return to the low ¥64,900 range. U.S. stock index futures were rising during Tokyo hours, providing a backdrop for continued short covering in Nikkei futures.
As of 14:00, estimated turnover on the TSE Prime Market was ¥4.4369 trillion and trading volume was approximately 1.25359 billion shares.
Recruit, along with trading and resource companies, supported the rise in TOPIX, which temporarily turned higher.
By stock, SoftBank Group, Tokyo Electron, Fast Retailing and Advantest fell, while BayCurrent, Kioxia and KDDI rose.