At the midday close on the 23rd, the Nikkei 225 was down ¥1,082.58 from the previous day at ¥61,825.26, extending its sharp losing streak. It fell as low as ¥61,462.61 in morning trading, breaking below ¥62,000 during trading for the first time in 3 months.
At the midday close on the 23rd, the Nikkei 225 was down ¥1,082.58 from the previous day at ¥61,825.26, extending its sharp losing streak. Selling led from the opening, and the Nikkei fell to ¥61,462.61 at 9:10 a.m.
Trading volume on the TSE Prime Market was 1.36307 billion shares, with trading value of ¥4.4206 trillion. Declining issues substantially outnumbered advancing issues, and the Nikkei's decline had a broad impact across the market.
By sector, 24 of the 33 sectors declined and 9 advanced. Nonferrous metals, banks, machinery and metal products led the declines, while real estate and retail stocks remained firm, directing funds toward defensive stocks as market conditions shifted.
Across the market, buying concentrated in defensive and real estate stocks. Capital flows driven by lower interest rates supported the rebound in real estate stocks.
Source: Wealth Advisor