On the morning of the 13th, declines were pronounced among Nikkei average constituents, with the index trading approximately ¥1,940 below the previous weekend's close. Kioxia, KOKUSA and Ibiden were among the biggest decliners by percentage.
Shortly after 11:00 a.m. on the 13th, the Nikkei Stock Average was trading around ¥67,090, approximately ¥1,940 below the previous weekend's close. Against a backdrop that included escalating geopolitical risks in the Middle East, the Tokyo market was also weak, particularly in AI- and semiconductor-related stocks, while the yen was strengthening to around ¥158.30 to the dollar.
Among Nikkei average constituents, Kioxia, KOUKSA, Ibiden, Taiyo Yuden and Rohm ranked among the biggest decliners by percentage. Meanwhile, Kawasaki Kisen, Mitsui O.S.K. Lines, Konami Group, Pan Pacific International and Nippon Yusen ranked among the biggest advancers.
The Nikkei average appeared to be moving in correlation with the impact of geopolitical risks and trends in AI- and semiconductor-related stocks, and investors were watching the performance of its constituent stocks.
Source: The news was reported by Wealth Advisor.