In afternoon trading on the 27th, the Nikkei average remained under pressure in the Tokyo stock market. AI and semiconductor stocks were firm, but moves to shift positions were limited ahead of central bank meetings in Japan and the United States and upcoming earnings announcements.
Around the middle of afternoon trading on the 27th, the Nikkei Stock Average was substantially above the previous day's level in the Tokyo stock market, but gains remained capped. AI and semiconductor-related stocks were generally firm, while buying momentum weakened ahead of key events and there were signs of further position adjustments. Reports indicated that around 870 stocks, or approximately 60% of TSE Prime-listed stocks, were lower.
Market participants said that buying on dips had emerged in AI and semiconductor-related stocks following the disclosure of a prospectus, while position adjustments in domestic-demand and defensive stocks were progressing and weighing on the broader market. Outside the Nikkei average's constituents, GMO turned lower in afternoon trading and was reported to have fallen by approximately 4% at one point.
Following unauthorized access to GMO Internet's FX trading cloud service, information believed to be personal data was reportedly posted on its Japanese-language website, and warnings of further attacks were also reported. This may have weighed on related stocks.
As of 2 p.m., trading value on TSE Prime was approximately ¥4.5997 trillion and trading volume was approximately 1.36526 billion shares. HOYA, Panasonic Holdings and Ajinomoto were supporting the market, while Konami Group, Bandai Namco Holdings and Terumo were lower.