The Nikkei 225 was trading around ¥700 lower during the morning session on the 20th, with weakness in the KOSPI influencing market movements. Moves in the previous day’s U.S. stock market and the tone of after-hours trading were also believed to have had an impact.
In Japan’s market during the morning session on the 20th, the Nikkei 225 fell to around ¥64,050, while the morning-session high was around ¥64,220 and the index was approximately ¥869 lower as of 9:50 a.m. Overseas, moves in U.S. stock index futures and AI and semiconductor-related stocks influenced market expectations.
By sector, 25 of the 33 sectors were lower, with bank, nonferrous metal and marine transportation stocks weak. Steel and other products stocks also rose at times. Among individual stocks, Furukawa Electric, Fujikura, NYK Line, Mitsui O.S.K. Lines and Mitsubishi UFJ were cited.
In the Tokyo market, the KOSPI’s decline was attracting attention independently of the Nikkei 225’s movement, while the yen-denominated settlement price of the Chicago Nikkei futures was also slightly lower. In the foreign exchange market, dollar-yen was trading in the early ¥158 range and euro-yen in the upper ¥177 range.
Comments from Wealth Advisor were published as the source, indicating that the morning-session moves were spreading against the backdrop of after-hours developments and movements in Asian markets.