In mid-afternoon trading in Tokyo on the 7th, the Nikkei 225 had pared its losses slightly, trading about ¥400 below the previous day in the upper ¥70,200 range. Real estate and construction stocks attracted buying as the rise in long-term interest rates paused, preventing a broad-based decline.
In mid-afternoon trading in Tokyo on the 7th, the Nikkei 225 was trading about ¥400 below the previous day, at the upper end of the ¥70,200 range. Trading on the TSE Prime Market was active, with trading value at approximately ¥5.1000 trillion and volume at approximately 1.38636 billion shares.
Among individual stocks, Kokusai Electric, TDK and Kyocera fell, while Kikkoman extended its gains and Nissan Chemical and Yamaha Motor also attracted buying.
The strength of real estate and construction stocks, which attracted buying as long-term interest rates paused, helped ease the drag on the broader market, and the market remained firm at times. According to Nikkei QUICK News, the TOPIX briefly rose above its record high in the morning, and the market avoided a sharp broad-based decline.