In the Tokyo market after the afternoon session opened on the 28th, the Nikkei Average widened its decline and briefly fell to the ¥66,100 range. The decline in the Korea Composite Stock Price Index and weakness in U.S. stock futures weighed on the market, along with trading trends in Japan and overseas.
In the Tokyo market after the afternoon session opened on the 28th, the Nikkei Stock Average fell from around the previous day's closing level and briefly dropped to the ¥66,100 range. The decline in the Korea Composite Stock Price Index (KOSPI) and weakness in U.S. stock index futures weighed on Japanese stocks.
An off-auction block trade worth approximately ¥11.3 billion was executed in basket trading on the TSE after the morning session ended. As of 12:45 p.m., trading value on the TSE Prime Market was approximately ¥4.2502 trillion, while trading volume was approximately 1.14514 billion shares.
Stock movements diverged toward the afternoon, with Ibiden and Kioxia falling further, while SoftBank Group (SBG), Tokyo Electron and Advantest were firm or briefly held near their highs. Fast Retailing, Chugai Pharmaceutical and Nitori Holdings, by contrast, also declined.
Overall, market observers attributed the widening decline in the Nikkei Average in part to overseas market movements and trends among large-cap stocks.
According to Nikkei QUICK News (NQN), afternoon trading reflected a mix of overseas factors and stock-specific movements, with attention focused on the market's subsequent direction.