The Nikkei Average stood at ¥64,539.36 at the open, down ¥81.88, and moved narrowly after opening. Resonac and Furukawa Electric were among the stocks that declined.
On the 22nd, the Nikkei Average opened at ¥64,539.36, down ¥81.88 from the previous day. US markets were generally higher the previous day, and after opening, the index remained near its opening level despite maintaining a downward bias. By sector, decliners outnumbered advancers, with nonferrous metals and retail among the biggest losers.
Among the TSE Prime stocks with the highest trading values, Resonac H, SCREEN HD, Furukawa Electric, Panasonic HD and Tokyo Electron declined. Resonac H fell 980, SCREEN HD fell 735, Furukawa Electric fell 136, Panasonic HD fell 105 and Tokyo Electron fell 362.
In the US market overview, the Dow remained firm and the Nasdaq rose, providing some support to the Japanese market despite its decline. Against this backdrop, the Nikkei Average was reported to have turned higher from a decline at times after opening.
Overseas investors were net sellers of domestic equities on a weekly basis, with net sales totaling ¥66.5 billion during the period. Caution remained in the broader market against this backdrop, although some reports indicated that buying resumed toward the end of the day.