The Nikkei Average extended its decline at the start of September, closing around ¥66,215. While utilities and other sectors rose amid the impact of weaker U.S. stocks, trading value remained high. Nippon Steel rose sharply after a securities firm raised its target price.
The Nikkei Average extended its decline on 1 September in the Tokyo stock market, closing at ¥66,215.34. The decline at one point widened to more than ¥700 shortly after the open under the influence of lower U.S. stocks, but the impact of individual stocks varied and the decline gradually narrowed. Toward the end of the session, the index at one point widened its gain to more than ¥200, but it ultimately traded for an extended period at slightly lower levels.
TOPIX turned positive shortly after the open and then widened its gains, with the index remaining at a high level at the close. Trading value on the TSE Prime Market was approximately ¥7.5 trillion, while electricity and gas, mining, and oil and coal products rose by sector.
Among individual stocks, Nippon Steel rose sharply. Nippon Steel (5401) gained significantly during trading hours, with buying remaining predominant toward the end of the session. Meanwhile, freee fell sharply after a securities firm downgraded its investment rating.
Across the market, TOPIX remained positive while the Nikkei Average was on a declining trend, and overall market movements were limited.