The Nikkei average fell for the first time in four trading days on 3rd in the Tokyo stock market, closing at ¥64,214.48, down ¥111.16 from the previous day. Against this backdrop, trading house stocks including Mitsubishi Corporation remained firm following reports that the CEO of U.S. Berkshire Hathaway had indicated a stance of continuing to invest “for decades.”
The Nikkei Stock Average fell for the fourth consecutive trading day in the Tokyo stock market on the 3rd, closing ¥111.16 lower than the previous day at ¥64,214.48. After moving through a period of adjustment following the previous day's gains in U.S. stocks, the index was seen trading near its lows.
The broader market backdrop was global pressure for higher interest rates, while expectations of further rate increases heightened caution in the equity market. At the same time, there were periods when buying emerged in anticipation of an autonomous rebound in share prices, with localized movements to buy back stocks also observed.
Trading house stocks, led by Mitsubishi Corporation, were reported to have shown relatively strong performance. This drew attention to stocks in the resources and trading house sectors.
Comments by the CEO of U.S. Berkshire Hathaway reported on the same day were conveyed as indicating a long-term investment stance. While interpretations of the direct market impact of the investment policy are expected to vary, the comments were said to have attracted the attention of investors with a long-term perspective.