In the Tokyo market, the Nikkei Average rebounded, while Kawasaki Heavy Industries and Mitsubishi Heavy Industries recorded sharp declines, and the presentation of a defense spending benchmark prompted disappointment selling. SoftBank Group's earnings outlook weighed on the market, while reports also emerged that Obayashi Corporation had conducted a share buyback.
The Nikkei Stock Average is reported to have rebounded, while moves in individual stocks spread notably concerning signals. It has been reported that signs of a recovery emerged across the market toward the close.
Kawasaki Heavy Industries and Mitsubishi Heavy Industries fell sharply, with the view expressed that, in addition to earnings and supply-demand factors, the presentation of a defense spending benchmark triggered selling by investors. Following the presentation of a new benchmark for the defense budget, the initial market reaction weakened.
The burden of SoftBank Group's earnings-related developments was said to have weighed on the market, while Obayashi Corporation drew attention after announcing a share buyback. All of these developments are attracting attention as factors that could affect future market trends.