The Nikkei 225 ended the morning session on the 20th down approximately ¥404 from the previous day, with 80% of Prime Market issues declining. After a sharp morning sell-off, buying aimed at a rebound helped limit the losses.
The Nikkei Average ended the morning session on the 20th at ¥64,512.35, down ¥404.35 from the previous day, while TOPIX fell for the first time in 3 sessions to 4,031.85 points. Although the Nasdaq Composite and SOX rose in the US market, declines in South Korean and Taiwanese stock indexes appeared to have an impact.
Trading volume on the TSE Prime Market was 869.56 million shares, with trading value of ¥3.0821 trillion. There were only 256 advancers, compared with 1,254 decliners, which accounted for nearly 80% of the market. Nonferrous metal stocks, including Furukawa Electric and Fujikura, were among the decliners.
By sector, steel stocks were firm, while marine transportation, financial and information and communications stocks were weak. Nippon Steel and JFE Holdings steel stocks traded without being affected by the decline, while other-products stocks such as Nintendo and Bandai were relatively firm.
In addition, Tomen Devices, Nihon Denkei, Muninova Holdings and Macnica Holdings declined, while GMO Group Holdings, Koei Tecmo, Toho, Matsuya and Yoshinoya Holdings moved higher.