In the afternoon session, the Nikkei 225 was held back on the upside by semiconductor-related stocks, while trading houses remained firm and helped support the overall resilience of the market.
In the afternoon session, attention focused on the performance of high-priced semiconductor-related stocks, which was expected to weigh on the Nikkei 225's upside. In the morning session, the two stocks Advantest and Tokyo Electron had dragged down the Nikkei 225.
On the TSE Prime Market, advancing stocks outnumbered decliners, and the TOPIX remained in positive territory. Buying in trading houses and resource-related stocks helped support the overall resilience of the market.
Movements in crude oil prices related to the situation in the Middle East and changes in long-term US interest rates were closely watched as factors that could influence investor sentiment in the afternoon. In Japan, the revised August economic trend indexes were scheduled for release at 2 p.m., and some investors refrained from trading ahead of the important event.
This week, the FOMC is scheduled for the 27th and 28th, followed by the Bank of Japan Monetary Policy Meeting on the 29th and 30th. In the afternoon session, attention also focused on differences in price movements between stocks with a large impact on the index and a broad range of sectors.