The Nikkei 225 opened down ¥393.61 at ¥68,648.50. U.S. stocks were mixed, but developments involving OpenAI and movements in oil prices and interest rates weighed on the market, with selling prevailing across the Tokyo market.
The Nikkei 225 began trading on the 9th at ¥68,648.50, down ¥393.61. U.S. stocks were mixed the previous day, with the Dow slightly higher, the Nasdaq sharply lower and the SOX Index down, raising concerns about the drag from AI-related stocks. Selling prevailed after the open, and the Nikkei 225 remained on a downward trend.
By sector, nonferrous metals, electrical equipment, machinery and chemicals were among the leading decliners, while Rorze, Nintendo, Recruit Holdings, Sony Group, ITOCHU and Tokio Marine generally advanced. Although market participants remained cautious about buying amid turbulence in U.S. stocks and uncertainty over the situation in the Middle East, there was also buying interest from investors waiting for a pullback or seeking a technical rebound.
In the Tokyo market, attention was also focused on the fact that it was the day of SQ calculation. News on the results of the August household survey and the median market forecast also affected trading. The indicators released before the market opened showed a decline in real consumption expenditure.
In the U.S. market, the Dow maintained gains for a time, while the Nasdaq fell about 1.25% and the SOX Index declined about 3.39%. The lack of upward momentum in crude oil futures and long-term interest rates also provided reassurance to the Tokyo market.