In Tokyo trading on the 23rd, the Nikkei Average fell ¥214 from the previous day to ¥62,693.16, while the TOPIX extended its decline to 3,965.81 points. In the afternoon session, the KOSPI showed signs of attempting a recovery, while funds were reported to have flowed into defensive stocks such as household goods and pharmaceuticals.
In Tokyo trading on the 23rd, the Nikkei Stock Average fell ¥214.68 from the previous day to ¥62,693.16, while the TOPIX also declined by approximately 3.16 points to 3,965.81 points. The Nikkei at one point approached the level of its 200-day moving average during the day, but once selling subsided, funds returned to defensive stocks, limiting the decline. In the afternoon session, there was movement to test a recovery in the KOSPI, while Kioxia turned positive and Fujikura and Taiyo Yuden narrowed their declines on dip-buying. The exchange rate moved around ¥157.10 to the dollar, showing a rebound following the yen's appreciation in the morning.
Trading volume on the TSE Prime Market was 28.38432 billion shares, with trading value at ¥8.9383 trillion. There were 553 advancing issues, 951 declining issues and 48 unchanged issues. By sector, declines in bank and marine transportation stocks stood out, while real estate and retail stocks were firm. In the afternoon session, selling eased in individual issues, and the market's overall decline remained limited.
Going forward, market conditions could change depending on the KOSPI's direction, trends in prices and interest rates, and exchange-rate movements. Investors will be watching defensive stocks and price movements in major issues.