The Nikkei Average continued to fall in morning trading on the Tokyo Stock Exchange on the 16th, closing the morning session at ¥63,396, approximately ¥88 below the previous day. As buying to secure entitlement to the interim dividend ahead of the end of September broadened, interest also turned to shipping and telecommunications stocks.
The Nikkei Stock Average continued to fall in morning trading on the Tokyo Stock Exchange on the 16th, closing the morning session at ¥63,396. It was down approximately ¥88 from the previous day.
Selling was particularly evident in major AI and semiconductor stocks, while investors remained cautious ahead of the FOMC and the Bank of Japan’s monetary policy meeting.
As overall activity in the stock market weakened, buying aimed at securing entitlement to the interim dividend ahead of the end of September began to broaden. Buying interest was also seen in shipping and telecommunications stocks.