The Nikkei Average was down ¥318 as of 1:50 p.m., with weaker South Korean stocks weighing on the Tokyo market. The performance of major negative contributors and the 25-day moving average being watched as downside support were highlighted.
The Nikkei Average was down ¥318 as of 1:50 p.m. By sector, mining, information and communications, nonferrous metals, insurance, and electric power and gas were among the top decliners, while machinery, other products, services, construction, and wholesale were among the top gainers.
Among the Nikkei Average's contributors, Advantest, SoftBank Group, and Kioxia Holdings were the top negative contributors, while Tokyo Electron, Recruit Holdings, and Sumitomo Metal Mining were the top positive contributors.
While some market participants attributed the decline in Tokyo share prices to the drop in South Korea's KOSPI, the 65,500-yen range, including the 25-day moving average at 5300?, was reportedly being watched as downside support.
Market trends are said to indicate that the performance of stocks making negative contributions and the levels of key indices could influence the market's direction going forward.