The Nikkei 225 continued to trade without a clear direction, closing the morning session at ¥64,455.83, up ¥130.19 from the previous day. The rise in long-term bond yields paused, and buying led the broader market on the Tokyo Stock Exchange Prime Market, although some AI- and semiconductor-related stocks declined.
The Nikkei Stock Average (225 issues) closed the morning session at ¥64,455.83 on the 3rd, up ¥130.19 from the previous day's close. The pause in the rise in long-term bond yields was viewed favorably, and stocks on the Tokyo Stock Exchange Prime Market rose broadly.
However, following earnings results from a major US semiconductor company, some AI- and semiconductor-related stocks with a significant impact on the Nikkei 225 declined. The market therefore struggled to establish a clear direction during the morning session, fluctuating around the previous day's close.
Market participants said expectations for a Bank of Japan rate hike were strengthening, and indicated that share prices were unlikely to establish a clear direction before the monetary policy meeting in mid-September.