The Nikkei Average opened at ¥66,104.49, down ¥27.49 from the previous day. Stocks including ORIX and Sumitomo Electric fell broadly.
On the 28th, the Nikkei Average opened at ¥66,104.49, down ¥27.49 from the previous day, despite support from higher overseas equities. The Dow rebounded and closed higher, while movements in U.S. equities provided a guide for the Tokyo market. The Nikkei Average subsequently turned slightly higher after the open, with the 25-day moving average viewed as downside support.
Before the open, July’s unemployment rate was announced at 2.4%, the active job openings-to-applicants ratio at 1.18, and August CPI for Tokyo’s core area at a 1.8% year-on-year increase on an all-items basis. These figures became factors for assessing the market going forward. By sector, retail, land transportation and nonferrous metals declined, while some electrical equipment and semiconductor-related stocks advanced.
Among the stocks contributing to the Nikkei Average, decliners included ORIX, Sumitomo Electric, Kioxia Holdings, Fujikura, Furukawa Electric and Bic Camera, while advancers included Renesas Electronics, Fujitsu, NEC, Hitachi, Recruit Holdings and Nintendo. Across the broader market, movements in technology stocks shaped relative market performance.