The Nikkei Average stood at ¥61,913.51 at the morning close on the 5th, down ¥275.12 from the previous day and marking its fourth consecutive decline. The TOPIX rebounded after four sessions to 3,955.29 points, while selling in semiconductor stocks stood out and Sony Group and Fast Retailing surged.
The Nikkei Average was down ¥275.12 at the morning close on the 5th, standing at ¥61,913.51. In morning trading, stocks initially fell on the U.S. midterm elections, but the decline narrowed toward the afternoon. The exchange rate was around ¥157 to the dollar.
Trading volume on the TSE Prime Market was 1.82305 billion shares, with trading value of approximately ¥5.708 trillion. Advancing issues accounted for more than 80% of all issues. While most sectors rose, some stocks in marine transportation, mining, nonferrous metals and machinery stood out for their declines.
Shipping stocks Nippon Yusen and Mitsui O.S.K. Lines, along with mining stocks INPEX and Japan Petroleum Exploration, traded lower. Electrical equipment stocks Advantest and Tokyo Electron, as well as oil and coal products stocks Idemitsu Kosan and ENEOS, also fell. Meanwhile, real estate stocks Mitsui Fudosan and Mitsubishi Estate, rubber products stocks Yokohama Rubber and Bridgestone, and transportation equipment stocks Toyota and Honda rose.
Among semiconductor-related stocks, Kioxia and Advantest fell sharply. While semiconductor stocks were sold amid concerns about demand related to AI, there were also instances of funds moving into stocks related to AI and associated fields. After the initial move had run its course, the Nikkei Average narrowed its decline and ended the morning session.