The Nikkei 225 fell for the 4th consecutive session, with Advantest the largest negative contributor, weighing on the index by approximately ¥686. Movements during the morning session and contributions by individual stocks were also reported.
The Japanese market fell slightly in response to developments in the US market, with the Nikkei 225 ending morning trading at ¥61,913.51, down ¥275.12. Although dip-buying was seen against the backdrop of gains in the Dow Jones Industrial Average and Nasdaq through the previous day, declines in semiconductor-related stocks weighed on the index.
Among individual stocks, Fast Retailing was the largest positive contributor, followed by Konami Group, Recruit Holdings and Terumo, among others, which helped push up the Nikkei 225. On the other hand, Advantest alone weighed on the index by approximately ¥686, followed by Tokyo Electron, SoftBank Group, Ibiden, TDK and Lasertec, among others, as negative factors.
By sector, real estate, rubber products and transportation equipment rose, while marine transportation, mining and nonferrous metals declined. Market attention was also focused on quarterly earnings announcements by Japanese companies. Buying interest in stocks with strong results supported share prices, while spillover from semiconductor-related stocks weighed on the market.
As of 11:30, the Nikkei 225 stood at ¥61,913.51, with 169 advancing issues, 56 declining issues and 0 unchanged issues. Fast Retailing was the largest positive contributor, while Advantest was the largest negative contributor.