The Nikkei Average recorded its first decline in 6 quarters from July to September. Although gains in AI-related stocks have paused, the market has retained its underlying firmness, with the number of advancing stocks increasing.
The Japanese stock market remained stagnant, with the Nikkei Average declining from July to September for the first time in 6 quarters. Although the market's underlying firmness has not broken down, its longer-term trend warrants a cautious outlook.
In the Tokyo market on the 30th, the Nikkei Average rebounded for the first time in 3 sessions, closing at ¥66,753, up 1.9% from the previous day. On a quarterly basis, however, it fell 4.7% from July to September.
Some observers have said that the rally in AI-related stocks has paused, while the number of advancing stocks has increased. Although the market overall is expected to retain its underlying firmness, caution is considered necessary regarding future developments.