In the Tokyo market, the Nikkei 225 fell ¥488 to ¥65,528, extending its decline, while TOPIX edged higher. Trading moved within a narrow range during the morning session before losses widened in the afternoon. Weakness in semiconductor stocks and company-specific factors affected the market.
The Nikkei 225 ended down ¥488 at ¥65,528, with losses widening over the course of the day. Morning trading moved back and forth around the ¥66,000 level. By contrast, TOPIX extended its gains modestly, ending trading at 4,073 points.
Among individual stocks, SoftBank Group fell 5.3% to ¥4,975, weighed down by concerns over its investment in Arm in the US market and financial-related factors. NEC Corporation, meanwhile, rebounded 1.1% to ¥4,707. A higher price target from a foreign brokerage is believed to have provided a buying catalyst.
Nippon Yusen briefly set a new all-time high, touching ¥7,219. Expectations for higher shipping rates amid falling water levels in the Panama Canal supported the share price. Business-support software provider シーイーシー set a new year-to-date high, rising to ¥2,560.
Cover rebounded 7.5% to ¥1,613. News suggesting that new games related to hololive would contribute to earnings prompted buying. This week, attention will focus on NVIDIA's earnings announcement and the Jackson Hole meeting, with the performance of semiconductor-related stocks expected to remain a key focus.