In the Tokyo stock market on 29th, the Nikkei fell ¥570 in morning trading and stood at ¥65,307.00. With the index unable to offset the ex-dividend adjustment, market participants remained aware of the lack of catalysts to break through the ¥66,000 level.
In morning trading on 29th in the Tokyo stock market, the Nikkei average stood at ¥65,307.00, down ¥570.62 from the previous day. The downward adjustment associated with the ex-dividend dates for March- and September-ending companies was estimated at approximately ¥380, but no catalysts to offset it could be found.
Against the backdrop of declines in U.S. equities, selling in SoftBank Group, which has a high contribution to the index, also weighed on the Nikkei. With the market facing the heavy supply-and-demand barrier around ¥66,000, the wait for a rebound continues.
The article reports that, alongside movements in the Nikkei, trends in the valuation of AI-related stocks and the points drawing market participants' attention are affecting the index's reaction.
Going forward, the potential for a rebound in the Nikkei may depend on whether buying catalysts emerge to push through the barrier and on developments in the U.S. market.