The Nikkei 225 traded around ¥1,580 below the previous day's level during the morning session on 30 October. The market was broadly weak, led by AI- and semiconductor-related stocks, against a backdrop of declines in US stocks and after-hours moves following earnings from Amazon.com and Intel.
In the Japanese stock market on the morning of 30 October, the Nikkei 225 traded around ¥63,080, approximately ¥1,580 below the previous day's level. The Dow, Nasdaq and SOX all fell in the US market the previous day, affecting moves in major stocks in after-hours trading. At 10:09 a.m., the Nikkei 225 was observed moving toward its low.
By sector, 19 of the 33 sectors declined and 14 rose. Sumitomo Electric Industries and Fujikura in nonferrous metals, and Advantest and Tokyo Electron in electrical equipment, fell, while glass and ceramics and electric power and gas stocks also weakened. In contrast, JAL and ANA in air transport, other products and marine transportation stocks remained relatively firm or at high levels.
Elsewhere, Toenec, Fujitsu, Ibiden, FPG and Maxell declined. Metawater, Konami Group, Mars Group Holdings, Takara Tomy and Saibu Gas Holdings rose. In the foreign exchange market, as of 10:10 a.m., the dollar was trading in the lower half of the ¥157 range and the euro in the lower half of the ¥176 range.
The source was Wealth Advisor. Related stocks included Sumitomo Electric Industries, Fujikura, Advantest, Tokyo Electron, Nitto Boseki and NGK.