The Nikkei 225 narrowed its losses around midday in the afternoon session on the Tokyo stock market on the 23rd, trading around the 62,500 level, down about ¥500 from the previous day. Dip-buying emerged in AI- and semiconductor-related stocks Tokyo Electron and SoftBank Group, helping support the Nikkei.
The Nikkei 225 was narrowing its losses around midday in the afternoon session on the Tokyo stock market on the 23rd, trading around a level about ¥500 below the previous day. Dip-buying was observed in AI- and semiconductor-related stocks such as Tokyo Electron and SoftBank Group, providing support for the index.
Next week, monetary policy meetings in Japan, the US and Europe, quarterly earnings from US hyperscalers and the release of Japanese companies' results for the April-September period are expected to gather pace. The Israeli general election and the US midterm elections are also ahead, and market participants are watching for changes in institutional investors' stance.
As of 2 p.m., trading value on the TSE Prime Market was about ¥6.0248 trillion, and trading volume was about 1.83298 billion shares. By stock, TDK, Advantest and Nitto Denko were lower, while Fast Retailing and Mercari were trading higher.
The expansion of dip-buying has been cited as a factor behind the stock movements, with some market participants viewing it as providing support for the market, particularly among AI- and semiconductor-related stocks.