The Nikkei Average opened at ¥65,195.26 on the 25th, down ¥332.83, beginning a third straight day of declines. US stocks moved mixed, while semiconductor-related weakness weighed on the market, with ADVANTEST, Panasonic Holdings and other stocks falling.
The Nikkei Average opened at ¥65,195.26 on the 25th, down ¥332.83 from the previous day, marking its third consecutive day of declines. US stocks were mixed, with the Dow closing higher while the Nasdaq fell, prompting selling to lead in the Tokyo market. After the open, the Nikkei Average's decline became more pronounced.
By sector, electrical equipment, machinery and transportation equipment were among the notable decliners, while insurance, land transportation and marine transportation rose at times. Some market observers also pointed to the 75-day moving average being viewed as resistance as a factor affecting views on the Nikkei Average's downside.
US interest-rate trends and oil-price movements were cited as factors behind the Nikkei Average's decline, while developments in the Nasdaq and the SOX Index at times weighed on Japanese stocks. With Nvidia's earnings and the Jackson Hole meeting scheduled for this week, a wait-and-see mood among buyers spread across the market.
Among the TSE Prime Market stocks with the highest trading value, ADVANTEST, Panasonic Holdings, Lasertec and DISCO declined, while Japan Airport Terminal, East Japan Railway and AEON rose. Overall, the market showed a stronger tendency for buyers to stay on the sidelines.