In this morning's Tokyo stock market, the Nikkei average fell back as profit-taking selling prevailed following the gains through the previous day. The morning-session close was ¥70,074.13, while the TOPIX fell 24.67 points to 4,158.89.
In this morning's Tokyo stock market, the Nikkei average fell back, with its decline temporarily exceeding ¥600. Profit-taking selling prevailed after the index had risen nearly ¥2,400 over the previous 2 days.
At the morning close, the Nikkei average was ¥70,074.13, down ¥609.85 from the previous day's close, while the TOPIX was down 24.67 points at 4,158.89. High-level concerns prompted selling centered on technology-related stocks, pushing the broader market lower.
At the same time, buying orders emerged against the backdrop of firm US equity markets, and the market moved around the previous day's close early in the session. The market will be watching subsequent developments for their impact on the market's next moves.