Buying failed to gain momentum in the Tokyo market in the morning, and the market was reported to have continued struggling to gain ground. By late morning, trading remained centered on retail investors amid a lack of fresh catalysts, and trading value was subdued.
As of 13:56, the Nikkei 225 was struggling to gain ground, with gainers outnumbering decliners. In addition to the lack of fresh catalysts, buying failed to gain momentum as short-term investors, including retail investors, remained the main participants, while profit-taking sales were believed to have capped gains.
In the afternoon, the Nikkei 225 turned higher, at one point opening above the previous day's close. With Asian stock indexes also rising, some said the global risk-off mood had eased.
At the morning close, gainers stood out on the Prime Market, and the TOPIX rose sharply. Although some stocks were sold, share prices rose across a broad range of sectors overall.
Immediately after the open, the Nikkei 225 had started the morning session higher, with buying prevailing against a backdrop of gains in U.S. stocks.