The Nikkei 225 fell for a second straight session on the 23rd, closing at ¥62,693, down ¥214. Although the market recovered at times during the afternoon session, it generally continued to move sideways near its lows. ZOZO was among the strongest performers, with its share price surging.
The Nikkei 225 fell for a second straight session on the 23rd, with selling led by AI-related stocks from the opening. Following a sharp decline on the Nasdaq, the drop temporarily exceeded ¥1,400, and the index fell below ¥62,000 at one point. It recovered somewhat during the afternoon session, but was unable to make up for the morning's decline and continued to trade near its lows.
The market also recovered at times, with the afternoon session taking the index back above ¥62,000 and briefly as high as the ¥62,700 level. The index finished trading above the morning session close, recovering from the opening level before the close.
Estimated trading value on TSE Prime was ¥8.93 trillion. Real estate, retail, fisheries, agriculture and forestry stocks rose by sector, while banks, marine transportation and nonferrous metals declined. ZOZO surged after a securities firm raised its investment rating, while Nihon Kohden Corporation fell sharply after its investment rating was lowered.
The Nikkei 225 ended at 62,693.16, down 214.68 points from the previous day, with trading volume of approximately 2.88 billion shares and trading value of approximately ¥8.93 trillion. TOPIX stood at 3,965.81, with 553 advancers and 951 decliners, while the Growth 250 index posted a modest rebound.