The Nikkei 225 was up ¥498 as of 1:50 p.m. Weakness in Korean stocks weighed on the market, while the Tokyo market remained firm despite limited movement.
The Nikkei 225 was up ¥498 as of 1:50 p.m. Advantest, Fast Retailing and Recruit Holdings were the top positive contributors, while SoftBank Group, Terumo and Fujikura were the top negative contributors. By sector, services, retail trade, warehousing and harbor transportation services, pulp and paper, and marine transportation posted the largest gains.
By contrast, machinery, nonferrous metals, precision instruments, textile products, and oil and coal products were the biggest decliners, and the Nikkei 225 moved within a narrow range after losing some momentum. The Tokyo market’s stock prices appear to have been weighed down by South Korea’s KOSPI, which lost momentum after opening higher and turned lower in the afternoon.