The Nikkei Average fell ¥407 from the previous day, but buying returned after the sharp morning decline, narrowing the loss and keeping the market firm toward the close.
The Nikkei Average fell ¥407.59 from the previous weekend to ¥64,916.70 on the 19th. The TOPIX was slightly higher at 4,067.48 points at the same time. The market opened with selling following the decline in U.S. stocks, but buying aimed at a rebound based on movements in U.S. indexes emerged in the afternoon.
The Nikkei Average briefly fell to ¥63,831.78 during trading, but subsequently recovered against the backdrop of higher U.S. stocks in after-hours trading, narrowing its loss and showing firmness toward the close. Trading volume exceeded 2 billion shares, while trading value was in the latter half of the ¥6 trillion range.
By sector, 12 of the 33 sectors declined and 21 rose. Nonferrous metals and electrical equipment stocks, including Taiyo Yuden and Tokyo Electron, fell, while mining, marine transportation and oil stocks remained firm. Advancing and declining stocks were varied, with gainers such as Saizeriya mixed with decliners including DIP, Trend Micro and Mercari.
This news was distributed by Wealth Advisor.