The Nikkei average fell for the fourth straight day. AI and semiconductor stocks declined amid intensifying memory competition with China. Long-term interest rates temporarily fell below 3%, while bank stocks turned higher.
The Nikkei average closed down ¥1,253 at ¥67,777. The market ended today's trading at this level, with declines in AI- and semiconductor-related stocks cited as the main trend.
Long-term interest rates temporarily fell below 3%, while bank stocks were reported to have benefited from easing concerns about the economy. Interest-rate movements drew market attention as a market signal.
USMH, which operates Maruetsu and other businesses, renewed its year-to-date low, and downward revisions to its earnings outlook were reported. Intensifying competition among food supermarkets was cited as a factor.
Reuse-related stocks rose, with the name change to Second Retailing and the expansion of brand stores in Ginza presented as moves toward differentiation. J. Front was also reported to have posted a 10.5% decline in operating profit for the March-August period.