The Nikkei 225 fell again at the opening of the morning session two days ago and traded around ¥700 lower. Selling by investors waiting for a rebound and profit-taking selling following the recent rise led the market.
The Nikkei 225 started lower at the opening of the morning session and traded around the mid-¥68,200 range. Selling for consolidation following the previous day's rise was dominant.
Oil futures remained near their highs, while uncertainty over the situation in the Middle East weighed on the market. There was also speculation that domestic institutional investors were likely to engage in selling at the start of the fiscal period.
While the SOX rose in the US market, temporary profit-taking selling emerged in Japanese bank and domestic-demand stocks. AI- and semiconductor-related stocks also attracted buying at times, with Advantest renewing its all-time high.
By stock, SoftBank Group, Tokyo Electron and Fast Retailing fell, while Lasertec and BayCurrent rose.