The Nikkei 225 remained sharply lower year on year in the morning session on 1 September, although it briefly entered a rebound phase, with the recovery limited. The TOPIX traded higher, while the market overall lacked clear trading cues.
In the morning session on 1 September, the Nikkei 225 continued to decline, falling ¥261.60 from the previous day to ¥66,050.33, while the TOPIX rose 21.56 points to 4,177.85 points. AI and semiconductor stocks remained weak against a backdrop of higher US interest rates, and the Nikkei 225 fell ¥735.32 to ¥65,576.61 at 9:13 a.m.
Thereafter, some investors moved to buy on dips, and the Nikkei 225 briefly turned higher as the KOSPI pared its decline, but moves to test higher levels were limited. The foreign exchange market traded somewhat rangebound around ¥159.80 to the US dollar, slightly below morning levels.
Trading volume on the TSE Prime Market was 1,128.2 million shares, and trading value was ¥3.5795 trillion. There were 817 advancing issues, 692 declining issues and 47 unchanged issues. By industry, 9 of the 33 sectors declined and 24 rose.
Decliners included nonferrous metal and metal product stocks, while gainers included electric and gas, steel and wholesale stocks. Individual decliners included メイコー, ベクトル, ネットプロテク, 武蔵精密 and メドレー, while スクエニＨＤ, 九州電, ラクーンＨＤ, 六甲バタ and フルヤ金属 were among the gainers.