Tokyo stocks extended their decline at the morning close, with the impact of the ex-dividend adjustment evident. Leading semiconductor stocks, however, supported the market.
By the morning close in Tokyo, the Nikkei had not widened its decline again, but the overall market remained in a continuing downtrend. Trading was light, yet the index stayed in negative territory.
Selling pressure related to the arrival of the dividend ex-date was observed in some areas, and the activity of short-term traders is believed to have affected recent price movements. Individual stocks continued to show mixed performance.
Some leading semiconductor stocks provided support for the market and helped limit the overall decline, according to one view. Investors are closely watching this development.
Across the market, the ex-dividend adjustment and movements in semiconductor stocks were cited as important factors, and the market is expected to remain in a phase of assessing the outlook.