The Nikkei Average traded around ¥64,990 during the morning session on the 25th, down approximately ¥540. Selling prevailed from the morning, with semiconductor-related stocks remaining weak and weighing on the market.
The Nikkei Average was down approximately ¥540 from the previous day, reaching the ¥64,900 range during the 10 a.m. hour, and at times falling below ¥65,000 during trading hours. In the U.S. market, the Dow rose, while the Nasdaq Composite and the SOX index fell, putting downward pressure on the Japanese market.
By sector, 6 of the 33 sectors declined and 27 rose. Advantest and Tokyo Electron among electrical equipment stocks, as well as Toyota and Honda among transportation equipment stocks, saw notable declines. Shipping stocks NYK Line and Mitsui O.S.K. Lines, along with nonferrous metal stocks, remained firm.
Chugai Pharmaceutical and Daiichi Sankyo among pharmaceutical stocks, and Disco and SMC among machinery stocks, also fell, while MS&AD and Tokio Marine among insurance stocks, as well as mining stocks, remained firm. As of 10 a.m., the dollar was in the ¥159 range and the euro in the ¥185 range, with limited movement.
Semiconductor-related stocks are expected to continue having a significant impact on today's market, and the Nikkei Average may continue to move depending on trends in semiconductor-related stocks.
Source: Investor news compiled based on reporting by Wealth Advisor.