At the morning close on the 29th, the Nikkei 225 continued to decline, ending trading in the ¥65,307 range. SoftBank Group was the largest drag among declining stocks, lowering the Nikkei 225 by approximately ¥109.
At the morning close on the 29th, the Nikkei 225 was sharply lower from the previous day, with the morning closing level at ¥65,307.00 and estimated trading volume of approximately 969.96 million shares. Selling spread after the opening against a backdrop of higher crude oil prices and rising U.S. long-term interest rates. The index extended its decline, with only a limited recovery after the initial selling subsided.
SoftBank Group was the largest drag among declining stocks, lowering the Nikkei 225 by approximately ¥109. Advantest, Nexon, Ibiden and TDK followed. Tokyo Electron was the largest positive contributor, lifting the index by approximately ¥103, while Recruit Holdings and others also supported gains.
U.S. market developments also had an impact. The Nikkei 225 fell on the 29th as selling dominated from the opening amid stalled talks over reopening the Strait of Hormuz and rising U.S. long-term interest rates. Semiconductor-related stocks attracted buying at times, but selling prevailed overall.
As of 11:30 a.m., the Nikkei 225 stood at 65307.00 (-570.62), with 30 advancing issues, 193 declining issues and 2 unchanged issues. Major advancers included Tokyo Electron, Recruit Holdings, Lasertec, Disco and Sony Group, while major decliners included SoftBank Group, Advantest, Nexon, Ibiden and TDK.