The Nikkei Stock Average fell for the third consecutive day in Tokyo trading on the 9th, closing at ¥69,030.92, down ¥11.19 from the previous day. The market declined in the morning, but buybacks spread and the loss narrowed.
In the Tokyo stock market on the 9th, the Nikkei Stock Average (225 issues) closed at ¥69,030.92, down ¥11.19 from the previous day, marking its third consecutive decline. The broader market initially fell after the open, but buying back into the market strengthened toward the afternoon and narrowed the loss.
The Nikkei weakened in the morning, but buybacks spread, particularly in financial stocks, limiting the decline from the previous day's close in afternoon trading. Trading was thin at times, but the market ultimately closed in negative territory.
The close following the opening on this occasion marked a third consecutive decline, with the recent trading trend temporarily supported by a phase of buybacks. Market participants say they want to assess the impact of US market trends and corporate earnings on the outlook.