The Tokyo stock market moved back and forth on the first trading day of the week, following gains in U.S. stocks. The morning close was ¥66,333.53, while TOPIX stood at 4,135.38. Buying aimed at securing dividend rights was also observed ahead of the final day to secure interim dividend rights for companies with March fiscal year-ends.
On the first trading day of the week, the Tokyo stock market initially rose by more than ¥600 on the back of gains in Japanese and U.S. stocks, but later struggled as buying subsided. The market moved back and forth.
The morning close was ¥66,333.53, down ¥30.67 from the previous weekend's close, while the Tokyo Stock Price Index, TOPIX, edged up to 4,135.38.
The rise in stock indexes, led by technology stocks in the U.S. market, spilled over into Tokyo, with gains seen mainly in semiconductor-related stocks.
The 28th was the final day to secure the right to receive interim dividends from companies with March fiscal year-ends, prompting some buying aimed at securing those rights.