The Nikkei Stock Average ended slightly lower in Tokyo trading on the 9th. Although the U.S. SOX Index rose, fund inflows into Japanese stocks remained sluggish.
The Nikkei Stock Average ended slightly lower in Tokyo trading on the 9th, while investor buying failed to broaden despite keeping an eye on trends in U.S. and European stocks.
The U.S. Philadelphia Semiconductor Index, or SOX, rose the same day, but some market participants said it failed to provide a tailwind for the Japanese market. Market participants sought to determine why buying of Japanese stocks remained weaker than that of U.S. and European stocks.
UBS's wealth management division held its regular meeting, bringing together investment officers from around the world, drawing attention to fund flows into the Japanese market.