The Nikkei fell back and briefly dropped more than ¥1,400 before paring losses, closing down ¥407 at ¥64,916. NY crude oil rose into the $100 range, while INPEX extended its gains sharply. The US SOX Index fell for the first time in 8 sessions, while Toyota drew attention following a report.
The Nikkei Stock Average fell ¥407 to close at ¥64,916, while TOPIX extended its advance. Although the market responded to the morning decline, losses were limited by the sense that valuations had become more attractive during the session.
NY crude oil moved into the ¥100 range and reached a one-month high. Oil-related stock INPEX rose sharply.
In the US market, the SOX Index fell for the first time in 8 sessions, and stocks including Advantest and Taiyo Yuden were sold.
Attention is focused on Toyota following reports concerning an “all-model software-defined vehicle” strategy.
China’s real GDP was reported to have risen 4.5% in the July-September quarter. Exports were strong, but consumption and investment were reportedly weak due to insufficient domestic demand.