Price movements were reported for 13 stocks that moved during the morning session, including KLab and Akita Bank. KLab came under increased selling pressure after setting a new low, while Akita Bank contributed to weakness across bank stocks.
KLab was trading at ¥164, down ¥9 from the previous day. Selling pressure from investors cutting their losses reportedly intensified after the stock set a new low.
Akita Bank fell sharply to ¥1,817, down ¥99 from the previous day, amid speculation that bank stocks as a whole were weakening against a backdrop including lower domestic long-term interest rates.
Nittetsu Mining was at ¥3,040, down ¥165 from the previous day, with the non-ferrous metals sector reportedly recording the largest decline among sectors.