In Tokyo trading on the 31st, the Nikkei Average narrowed its losses in afternoon trading. Cash equities recovered after falling at the open, showing signs of a recovery to the ¥65,600 range.
The Nikkei Average narrowed its losses in afternoon trading on the 31st in Tokyo, moving in the ¥65,600 range at approximately ¥750 below the previous weekend's close. The index fell more than 2% at one point in the morning, but buying entered index futures on perceptions that the market was holding firm, and cash equities also recovered from their lows.
In U.S. trading the previous weekend, major stock indexes fell after hawkish remarks by Fed Chair Warsh, and selling prevailed in the Japanese market from the open. The Nikkei Average started at a level ¥737.05 below the previous business day's close and at times widened its losses thereafter.
Among individual stocks, Fast Retailing and Sony Group extended their gains, while Advantest, Tokyo Electron and SoftBank Group remained weak. Among major stocks, Toyota Motor, Fujikura and Recruit Holdings helped support the market.
Off-auction basket trades on the TSE totaled approximately ¥38.5 billion, drawing market attention to activity by domestic and overseas institutional investors trading multiple stocks in bundled transactions. As of 12:45 p.m., trading value on the TSE Prime Market was approximately ¥3.8922 trillion, while trading volume stood at approximately 1.06479 billion shares.