Around the middle of the morning session on the 25th, the Nikkei Stock Average was trading in the ¥65,000 range on the Tokyo Stock Exchange, down about ¥450 from the previous day. Buying on dips was prominent at lower levels, supporting the broader market even though AI and semiconductor stocks remained weak.
Around the middle of the morning session on the 25th, the Nikkei Stock Average was trading about ¥450 below the previous day, briefly dipping just below the ¥65,000 range. AI and semiconductor-related stocks remained weak as the market followed declines in U.S. semiconductor stocks, but buying on dips emerged after the index fell below a key level. Across the TSE Prime Market, electric cable, marine transportation and financial stocks were bought, helping support the market.
In overseas markets, long-term interest rates and crude oil futures fell in the U.S. market on the 24th. In the Tokyo market on the 25th, long-term interest rates remained broadly flat, with stable interest rates helping curb the market's decline. South Korea's KOSPI widened its losses in the morning but subsequently showed signs of recovery, providing a catalyst for buying in Nikkei futures.
As of 10:00 a.m., trading value on the TSE Prime Market was estimated at ¥2.1586 trillion, while trading volume was approximately 566 million shares. Among individual stocks, Advantest, Kioxia and Disco fell, while Honda and Toyota declined. Fujikura and Furukawa Electric were bought, and Tokio Marine, Shizuoka Financial Group, Kawasaki Kisen and Mitsui O.S.K. Lines rose.
Amid a mix of overseas factors and domestic developments, the Nikkei average at times saw buying on dips gain momentum. Short-term swings are expected going forward, depending on the stability of interest-rate trends and the performance of major stocks.