The Nikkei 225 was up ¥835 as of 1:50 p.m. Advantest, Ibiden and Tokyo Electron were the leading positive contributors, while Recruit Holdings, ITOCHU and Tokio Marine stood out among the negative contributors. Rising US long-term rates and domestic interest rates are weighing on the market.
The Nikkei 225 was up ¥835 as of 1:50 p.m. Advantest, Ibiden and Tokyo Electron were among the top contributors, while Recruit Holdings, ITOCHU and Tokio Marine ranked among the bottom contributors.
By sector, Electric Appliances, Nonferrous Metals, Glass and Ceramics Products, Rubber Products and Machinery posted the largest gains, while Services, Electricity and Gas, Marine Transportation, Insurance and Mining recorded the largest declines.
The Nikkei 225 continued to trade with limited upside. Domestic interest rates have also risen in response to higher US long-term rates, apparently weighing on share prices.
Across the market, stocks such as Advantest, Ibiden and Tokyo Electron made relatively positive contributions, while stocks including Recruit Holdings, ITOCHU and Tokio Marine contributed relatively to the downside.
Related coverage of this move is based on reports from multiple media outlets.