At the opening of the morning session on the 29th, the Nikkei Average continued to decline. Selling led by large-cap stocks prevailed against the backdrop of lower U.S. stocks and the ex-dividend date, with the index trading in the ¥65,300 range.
At the opening of the morning session on the 29th, the Nikkei Average started around ¥500 lower than the previous day amid broad-based selling, against the backdrop of volatility in U.S. stocks and uncertainty over the situation in the Middle East. Rising U.S. long-term yields and movements in crude oil futures were believed to have contributed to stronger risk aversion among investors.
In the U.S. market, the Dow Jones Industrial Average and SOX fell, while the Nasdaq Composite also declined for the first time in three trading days. Selling pressure also intensified in Japan, particularly in AI and semiconductor-related stocks, while the ex-dividend date on the 29th put further downward pressure on the overall market.
Among individual stocks, Fast Retailing, TDK and Toyota declined. Otsuka Holdings, Tokai Carbon and Tokyo Electron rose. The Nikkei Average and TOPIX both continued to fall.
Uncertainty surrounding the U.S. and Middle East situations is expected to continue through today, with future supply-demand trends and developments related to the ex-dividend adjustment cited as market focal points.