The Nikkei 225 opened at ¥66,812.27, down ¥648.46. Selling led the market, particularly in technology stocks, amid growing concerns over falling U.S. equities and rising long-term interest rates.
On the 19th, the Nikkei 225 opened at ¥66,812.27, down ¥648.46 from the previous day, and the Japanese market remained weak following declines in U.S. equities. The Dow closed down $116.38 and the Nasdaq down 355.20 points, while rising long-term bond yields and concerns in the crude oil market dampened investor sentiment.
By sector, declines were particularly pronounced among banks, nonferrous metals, textiles and machinery, while pharmaceuticals, fisheries and agriculture, marine transportation and food products rose. Technology-focused stocks weighed on the market and contributed to the downward pressure on share prices.
Among the most actively traded stocks on the TSE Prime Market, Kioxia Holdings, Furukawa Electric, SUMCO, Pan Pacific International Holdings, Lasertec and TDK declined. Takeda Pharmaceutical, Kawasaki Kisen and JT, meanwhile, posted relatively strong gains.
June machinery order statistics showed a 9.7% month-on-month increase, and the leading indicator for private-sector capital investment was well received, although the median private-sector forecast was for a 7.4% increase. Dip-buying was also seen in trading at the open, but selling predominated overall.
The decline in U.S. markets reported that day and developments in the crude oil market also affected the early Tokyo market. Expectations for profit growth remained limited, particularly for export-related stocks.