The Nikkei Average was down ¥318 from the previous day as of 13:50, with lower Korean stocks weighing on the Tokyo market. Movements in contributing stocks and sectors are driving the decline.
The Nikkei Average extended its decline to ¥318 as of 13:50, while overall market price action remained weak. The decline in Korean stocks is believed to have dampened market sentiment and affected the Nikkei Average.
Among the Nikkei Average's contributors, Advantest, SoftBank Group and Kioxia Holdings were the top negative contributors, while Tokyo Electron, Recruit Holdings and Sumitomo Metal Mining were the top positive contributors.
By sector, Mining, Information and Communication, Nonferrous Metals, Insurance, and Electric Power and Gas recorded the largest declines, while Other Products, Machinery, Services, Construction and Wholesale were among the top gainers.
The market is believed to be in negative territory partly because of the decline in South Korea's KOSPI, while the 25-day moving average at around ¥65,500 is reportedly being watched as downside support.