In Tokyo stock market trading on the morning of 29th, the Nikkei fell more than ¥570 from the previous day to ¥65,307.00, continuing to decline against the backdrop of lower U.S. semiconductor stocks and higher crude oil prices.
At the morning close of the Tokyo stock market on 29th, the Nikkei Stock Average stood at ¥65,307.00, down ¥570.62 from the previous day. The market continued to decline amid heightened uncertainty stemming from rising New York crude oil futures and the trend of lower U.S. equities. Semiconductor-related stocks came under particularly strong pressure, with selling spreading to some AI- and semiconductor-related issues. The Nikkei at one point fell more than ¥800.
In the previous day's U.S. stock market, major semiconductor indexes including the SOX fell sharply. Advantest and Ibiden were sold, while the decline in SoftBank Group also weighed on the Nikkei. The 29th was also the ex-dividend date for companies with March and September fiscal year-ends, and cash selling to secure dividend rights weighed on the market as a whole.
As of the morning close, trading value on the TSE Prime Market was approximately ¥311.25 billion and trading volume was 969.96 million shares. There were 1,329 decliners, 153 advancers and 27 unchanged issues. TOPIX continued to decline, ending the morning session at 4049.34, while the JPX Prime 150 Index ended the morning at 1699.57.
Among individual stocks, TDK, Toyota Tsusho and Chugai Pharmaceutical declined, while Recruit, Otsuka Holdings and Sony Group rose. The market did not experience a broad-based decline overall, and some AI- and semiconductor-related stocks rose against the trend at times.