The Nikkei extended its decline in Tokyo trading on 29 September, closing at ¥65,481.27, down ¥396.35 from the previous day. Declines in US stocks, uncertainty over the Middle East and the ex-dividend adjustment for interim dividends of companies with fiscal years ending in March weighed on the market.
The Nikkei extended its decline, closing at ¥65,481.27 after falling more than ¥1,100 at one point. A risk-off mood following the decline in US stocks and the impact of ex-dividend adjustments weighed on the market. Trading value on the TSE Prime market was estimated at ¥7.3224 trillion, while trading volume was 2.44155 billion shares.
AI and semiconductor-related stocks fell following declines in US semiconductor stocks the previous night, while SoftBank Group also remained weak. Persistently high crude oil prices heightened concerns about downside risks to the economy and corporate earnings, cooling sentiment across the market.
High-dividend stocks were notably sold as the market went ex-dividend, with Toyota Tsusho and Mitsubishi UFJ among the decliners. Fast Retailing, Recruit and Otsuka Holdings, however, rose.
The Nikkei tested lower levels at times but pared its losses toward the close, and futures buying by short-term investors prompted some signs of a rebound. The TSE TOPIX and the JPX Prime 150 Index also extended their declines and finished lower.