Tokyo stocks edged lower for a second straight session. AI-related stocks and Fast Retailing were sold, with the Nikkei 225 closing at ¥64,214.48.
In the Tokyo stock market on 3 September, the Nikkei 225 edged lower for a second straight session, falling ¥111.16 from the previous day to close at ¥64,214.48. TOPIX, meanwhile, rebounded, rising 20.44 points from the previous day to 4,102.04. The market was reportedly weighed down by concerns that AI-related stocks were overvalued and by weak monthly results from Fast Retailing.
Trading volume was 2.18832 billion shares, and trading value was ¥7.577 trillion. Among stocks, 44% declined and 52% advanced.
By industry, mining and nonferrous metals declined. Wholesale trade, electric power and gas, marine transportation, and oil and coal products were among the sectors that advanced.
The Standard TOP20 extended its decline, while the Growth market edged lower. Overall, price levels appear to be becoming more attractive following the sharp drop.