The Nikkei average fell for a second straight session, closing ¥214.68 lower than the previous day at ¥62,693.16. Selling took the lead at times following the previous day's decline in US stocks, but losses narrowed in the afternoon session.
The Nikkei average closed ¥214.68 lower than the previous day at ¥62,693.16. Trading volume was approximately 2.88432 billion shares and trading value was approximately ¥8.9383 trillion. There were 553 advancing issues and 951 declining issues, indicating that the downward trend continued.
Selling in the Tokyo market intensified following declines in US technology stocks, and the Nikkei briefly fell below ¥62,000. However, selling pressure eased toward the afternoon session. The Nasdaq 100 futures contract turning positive also provided some psychological relief.
Among individual stocks, Taiyo Yuden, Fujikura and Ibiden fell, while Disco and Hitachi were sold. Kioxia Holdings, Lasertec and Tokyo Electron were comparatively firm. Activity in Fast Retailing and strength in Toyota Motor were also observed.
The leading contributors to the Nikkei average were Fast Retailing, Chugai Pharmaceutical, Kioxia, Lasertec and Sony Group. Their contributions provided an approximately ¥145 boost in total, with Fast Retailing alone accounting for approximately ¥95. The largest negative contributors included TDK, Nitto Denko, SoftBank Group, Konami Group and KDDI, which together exerted approximately ¥165 in downward pressure.