At the opening on the 29th, the Nikkei Average continued to decline, falling ¥319.63 from the previous close to ¥65,557.99. Among major stocks, Nippon Steel, INPEX, NYK Line and Toyota declined.
At the opening of the Tokyo Stock Exchange on the 29th, the Nikkei Average started at ¥65,557.99, down ¥319.63. The decline in U.S. stocks the previous day weighed on the market, while rising long-term yields and expectations of higher oil prices after the opening raised concerns. This prompted buyers to hold back, and the Nikkei Average remained soft. Some market participants also expected the 75-day moving average to act as resistance on the upside.
By sector, oil and coal products, marine transportation and iron and steel were among the biggest decliners, while some precision instrument and electrical equipment stocks rose. Among the TSE Prime Market stocks with the highest trading value, Nippon Steel, INPEX, NYK Line and Toyota all declined. Advancers included Disco and Keyence.
クラサスケミカル was also reported to have listed on the TSE Standard Market on its first day of trading. Market concerns ahead of the release of U.S. long-term yield trends and the August PCE deflator, as well as Micron's earnings, were cited as part of the market backdrop, while uncertainty over the situation in the Middle East continued.
Overall, the Nikkei Average's decline stood out at the opening, while individual stocks moved in different directions, leaving the market focused on potential reassessment and the response to future inflows of funds.