The Nikkei Average fell back in Tokyo trading on the 27th. It closed at 66,131.98 yen, down 130.18 yen from the previous day. The index opened higher in response to the favorable reception of Nvidia's earnings in the morning, but selling by investors awaiting a rebound subsequently prevailed.
The Nikkei Average fell back in Tokyo trading on the 27th, closing at 66,131.98 yen, down 130.18 yen from the previous day. The index rose briefly in the morning following Nvidia's earnings, but buying failed to continue, and it fell into negative territory by mid-morning. It then remained range-bound near the previous day's close.
Trading volume on the TSE Prime Market was 1.962 billion shares, with trading value of ¥7.87 trillion. Advancing issues accounted for approximately 45.7% of the market and declining issues for approximately 49.4%, leaving buying and selling almost evenly balanced.
Some semiconductor-related stocks rose on Nvidia's earnings as a trading cue. Kioxia Holdings, Tokyo Electron, TDK, Ibiden, Murata Manufacturing, SCREEN Holdings and Kyocera were among those bought, while Advantest and Disco declined.
Decliners included Fast Retailing, Nintendo, Nissan Chemical and Shionogi. By sector, nonferrous metals and oil and coal products rose relatively strongly, while other products and pharmaceuticals declined.
Technically, whether the Nikkei Average can break above the 75-day moving average in the 66,400-yen range was seen as a focus for selling by investors awaiting a rebound. Developments in U.S. markets and points of focus related to the Federal Reserve on the 28th also remained in view.