In the Tokyo market on the 26th, the Nikkei average opened at ¥65,604.49, down ¥251.94 from the previous day, as investors moved to adjust positions ahead of Nvidia's earnings announcement.
The Nikkei stock average opened lower in Tokyo trading on the 26th, at ¥65,604.49, down ¥251.94 from the previous day. Selling to adjust positions ahead of earnings from U.S. semiconductor giant Nvidia took the lead.
Among AI and semiconductor-related stocks, Advantest and Tokyo Electron were weak. Fast Retailing, which has a high impact on the index, was flat at the open, as was Toyota Motor. SoftBank Group and Sony Group edged higher.
In the previous day's U.S. market, the Dow Jones Industrial Average, S&P 500 and Nasdaq all rose. Nvidia shares rebounded for the first time in 8 trading days, while AMD and Micron Technology also gained. Crude oil futures fell, and long-term U.S. Treasury yields declined.
Market attention is focused on Nvidia's earnings announcement scheduled for the 26th, with many investors seeking to assess the company's earnings outlook. The U.S. consumer confidence index for August fell, indicating that high prices and slowing employment are weighing on consumer sentiment.