The Nikkei Average fell to a level ¥545.32 lower at ¥65,597.46 in the morning session on the 10th, but buying returned to semiconductor stocks after the sharp morning decline, limiting further losses and creating conditions for a rebound.
In the morning session on the 10th, the Nikkei Stock Average fell ¥545.32 from the previous day to ¥65,597.46, while the TOPIX also fell for a third straight day, down 13.75 points at 4,032.89. Selling prevailed in the morning on weakness in U.S. stocks, and the Nikkei fell as low as ¥64,186.68 at 10:36 a.m.
Thereafter, as selling pressure on the KOSPI eased, semiconductor-related stocks including Advantest and Lasertec recovered, and the indices showed signs of limiting their declines. The yen-dollar exchange rate moved sideways around ¥153.50 to the dollar.
Trading volume on the TSE Prime Market was 951.50 million shares, with turnover of ¥3.9989 trillion. Of the listed stocks, 535 rose and 969 fell, with decliners accounting for more than 60%.
By industry, 19 of the 33 sectors declined. Nonferrous metal stocks including Sumitomo Metal Mining and Furukawa Electric fell, as did ASICS and Nintendo. In contrast, securities and futures stocks including Daiwa Securities Group and Nomura, as well as bank stocks including Mitsubishi UFJ and Sumitomo Mitsui, rose. Some semiconductor stocks recovered, while ANYCOLOR, Nxera Pharma and Yokorei traded firmly.