The Nikkei Average traded near its lows amid a wait-and-see mood ahead of the holiday, with no major movement in the afternoon against the backdrop of developments in US and European markets and moves in AI-related stocks. The report focuses on key price movements, including the opening price and the morning-session close.
The Tokyo stock market remained in a wait-and-see mode ahead of the holiday, with the Nikkei Average trading near its lows. The afternoon session lacked direction ahead of earnings announcements. The morning close had fallen approximately ¥1,639 from the previous day.
The Nikkei Average opened the afternoon session down ¥315 from the previous day, while the market impact of AI-related stocks continued. Caution spread following the direction of earnings in the US market, and declines in semiconductor-related stocks were also notable.
The TOPIX fell sharply. By sector, nonferrous metals, electrical appliances and machinery declined, while marine transportation and retail edged higher. Trading volume was high, although overall trading appetite remained subdued.
Concerns surrounding Alphabet’s earnings resurfaced and affected after-hours trading. Declines in Intel-related stocks also became a selling factor across the market.