Tokyo stocks traded in negative territory at times during the afternoon session following the morning decline, although the market opened with a modest rebound. Falling technology stocks, particularly semiconductor-related names, weighed on the market, and overall sentiment remained weak.
The Nikkei average opened the afternoon session at ¥65,063.01, down ¥620.25 from the previous day. Declines continued in semiconductor and other technology-related stocks, leaving the Nikkei range-bound in negative territory.
As of the morning close, the Nikkei ended the morning session down ¥644.10 from the previous day at ¥65,039.16, with semiconductor-related stocks posting notable declines. TOPIX ended slightly higher, up 4.83 points. Trading volume was 1.31496 billion shares, and turnover was ¥5.3764 trillion.
At 10:07 a.m., the Nikkei turned negative, with its decline temporarily exceeding ¥600 from the previous day. The main source of downward pressure was technology stocks, including semiconductor-related names, and market participants said SoftBank Group and Advantest had dragged the index down by approximately ¥600.
The Nikkei opened up ¥62.87 from the previous day at ¥65,746.13, marking a modest rebound, while some semiconductor-related stocks attracted buying.