The Nikkei 225 fell for a second straight session, down ¥396 from the previous day at ¥65,481. Selling spread across a broad range of stocks amid developments in U.S. markets, the effect of ex-dividend trading and uncertainty over the situation in Iran.
The Tokyo market opened with the Nikkei 225 falling for a second straight session, as selling led the market on the ex-dividend date and following declines in U.S. markets. The morning low was ¥65,307, and the decline continued to widen in the afternoon, with the index eventually closing down ¥396 at ¥65,481.
The TOPIX fell 70 points to 4,041, while the TSE Growth Market 250 fell for a fourth straight session to 784. Overall market sentiment weakened along with the decline in the Nikkei 225.
Among individual stocks, SBG fell 3.4% in a sharp reversal. A steep drop in U.S. chip designer Arm and concerns related to OpenAI are believed to have contributed to the selling. Shimamura rebounded on a favorable earnings reaction, reaching ¥3,240, up 2.8%, while Mizuho reversed after 3 trading sessions, falling 3.7% to ¥8,472. Profit-taking was also seen in high-dividend bank stocks. Park24 fell as much as 4.8% to ¥1,859, affected by news concerning a subsidiary that disclosed a personal-information leak resulting from unauthorized access. Newly listed Kurasus Chemical was bought up as much as 49% above its offering price, and closed at ¥240, up 20%.
Points of interest from tomorrow onward include the release of U.S. employment-related indicators and the U.S. consumer confidence index. The market is also expected to react to comments from the president of the Federal Reserve Bank of Chicago.