In the Tokyo stock market on the afternoon of the 7th, the Nikkei average fell ¥555 from the previous day to around ¥70,125. Weakness in South Korean stocks and selling in semiconductor-related stocks weighed on the broader market and slowed its recovery.
On the afternoon of the 7th, the Nikkei average in the Tokyo stock market was down ¥555 from the previous day, trading around ¥70,125. The market showed firmness early in the session, but sentiment cooled after South Korea's KOSPI turned weak in the afternoon, slowing the Tokyo market's recovery.
Among Nikkei average constituents, declines in semiconductor-related stocks were particularly prominent. Advantest fell ¥810 to ¥41,040, Tokyo Electron fell ¥305 to ¥12,500, and Kioxia Holdings fell ¥775 to ¥17,960 amid heavy selling.
Among the stocks making the largest positive contributions, SoftBank Group rose ¥64 to ¥6,359 and Taiyo Yuden rose ¥685 to ¥11,820, with domestic-demand stocks at times providing support for the market. By sector, banks, marine transportation, iron and steel, and electrical equipment were among the biggest decliners.
Buying was temporarily stronger during afternoon trading, but moves to test higher levels were limited. The exchange rate lacked direction at around ¥158.40 to the dollar. As of 12:45 p.m., trading volume was 1.13725 billion shares and trading value was ¥4.2702 trillion.