The Nikkei 225 edged lower for a third straight session, closing at ¥63,484. The market was firm in the morning session but lacked direction in the afternoon ahead of the central bank meeting.
The Nikkei 225 fell for a third straight session. It opened around ¥63,190 and briefly declined to ¥63,067 in early trading. The index then rebounded on buying, closing the morning session at ¥64,082. It turned lower again in the afternoon as rising interest rates weighed on the market, ending trading down ¥8 at ¥63,484. The TOPIX also fell, while the TSE Growth Market Index edged higher.
Among individual stocks, Trend Micro rose for a fourth straight day, climbing to ¥6,332. Capcom reached ¥4,490 at one point, renewing its year-to-date high. Takeda Pharmaceutical rose to ¥5,847, with the shortening of the review period for its application viewed favorably as an FDA priority review matter. Leopalace21 surged to ¥791 following reports of a tender offer above ¥1,000. GO rose to ¥3,430 after announcing a collaboration with Waymo and the Tokyo Metropolitan Government aimed at commercializing autonomous taxis in Tokyo.
VIEW POINT: Outlook for tomorrow The market is expected to remain focused on assessing the outcome and details of the central bank meeting. Individual stock catalysts include the release of August trade balance data.