Tokyo stocks moved unevenly in morning trading on the 26th. Selling took the lead at times against the backdrop of lower U.S. stocks, but buying returned in undervalued stocks in reaction to the recent downward trend, generally providing support. The morning close was ¥62,214.66, while the TOPIX stood at 3,979.34.
Tokyo stocks moved unevenly throughout morning trading on Monday the 26th, with the Nikkei average fluctuating within a narrow range. Selling orders triggered by the decline in U.S. stocks at the end of the previous week pushed the market lower, while buying returned in stocks that appeared undervalued following the recent decline, providing support at times.
The morning close was ¥62,214.66, down ¥478.50 from the previous weekend's close, while the Tokyo Stock Price Index (TOPIX) stood at 3,979.34, up 13.53 points. Trends in U.S. markets and uncertainty over the outlook for the Middle East weighed on the market, with the decline at one point coming close to ¥600.
However, the average had fallen by more than ¥1,900 over the two sessions through the 23rd, prompting increased interest in undervalued stocks and helping to support the market as a whole. Individual stocks moved in different directions, and the market continued to lack a clear direction.
U.S. market trends and uncertainty surrounding the Middle East are expected to continue affecting the market outlook. The focus is likely to be on buying interest in individual stocks and developments in overall market liquidity.