In the Tokyo stock market on the morning of the 26th, the Nikkei 225 was trading at ¥62,214.66, down ¥478.50 from the previous weekend’s close. The market was mixed, with declines in U.S. stocks weighing on sentiment while buying back undervalued stocks on a rebound provided support.
The Tokyo stock market moved in a narrow range on Monday morning, the 26th, with the Nikkei 225 opening lower than the previous weekend’s close. While declines in U.S. stocks at the end of the previous week exerted selling pressure, buying-back activity also emerged following the recent downturn.
The morning close was ¥62,214.66 for the Nikkei 225, down ¥478.50 from the previous weekend’s close, while the Tokyo Stock Price Index (TOPIX) stood at 3,979.34, up 13.53 points.
The decline approached approximately ¥600 at one point as trends in the U.S. market weighed on prices, but buying back stocks seen as undervalued subsequently provided support.
The latest decline was accompanied by buying-back activity following a drop of more than ¥1,900 over the two sessions through the 23rd.
Overall, downward and buying-back factors were mixed in the market, and future movements may depend on trends in the U.S. market and the extent to which stocks are viewed as undervalued.