Tokyo stocks were little changed on the afternoon of the 29th, with few new catalysts. With major US events ahead, investors are increasingly taking a wait-and-see approach, while individual stocks have generally remained subdued.
In the Tokyo stock market around mid-afternoon on the 28th, the Nikkei 225 was moving in a narrow range around the previous week's closing level. Buying was seen in AI and semiconductor-related stocks, while profit-taking selling, against the backdrop of the gains through the end of the previous week, was also weighing on the market in many instances. With few new trading catalysts, the market as a whole was directionless.
On the 29th, the US-based OpenAI, in which SoftBank Group has invested, is expected to hold its annual developer conference, while Micron Technology is scheduled to release its quarterly results on the 30th. With numerous key US events due during the week, market participants are taking a wait-and-see approach as they assess the results.
As of 2 p.m., trading value on the TSE Prime Market was estimated at ¥5.0819 trillion, with trading volume of 1,374,170,000 shares. Among Nikkei 225 constituents, Ibiden was lower, while Fast Retailing and Chugai Pharmaceutical also declined. SBG, Advantest and Tokyo Electron were higher.
Among individual stocks, SCREEN Holdings and Tokio Marine were rising. SBG was also being bought, showing a different trend from other stocks.