Nikkei Average Extends Losses in Morning Session, Weak Consolidation Amid Yen Strength Concerns

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Summary · why it matters

The Nikkei Stock Average extended its losses in the morning session on the Tokyo Stock Exchange, falling 0.66% from the previous business day to 63,333.35. The market opened with buying dominance, cheered by the previous day's U.S. stock gains, and at one point rose 0.76% to 64,240.50. However, concerns over yen strength from additional intervention and a wait-and-see mood ahead of earnings announcements spread, turning the index negative before it moved in weak consolidation. The TOPIX ended the morning session down 0.59% at 3,936.48, with trading value on the Tokyo Stock Exchange Prime Market at 4.979818 trillion yen. Among the 33 Tokyo Stock Exchange industry sectors, 25 sectors rose, including transportation equipment and rubber products, while 8 sectors fell, including non-ferrous metals and electric machinery, with semiconductor-related stocks, which have high index contribution, leading the decline. Toyota Motor, scheduled to announce earnings in the afternoon session, was soft. Although the dollar-yen pair settled in the 157-yen range, high-tech stocks faced upside pressure due to yen strength concerns from additional intervention, while Kioxia Holdings surged. On the Tokyo Stock Exchange Prime Market, advancing issues numbered 588, declining issues 921, and unchanged issues 47.

Impact on assets 3

Electrification & Mobility▼ · 1 stocks
Toyota Motor Corp.
7203
▼ NegativeCapitalrelevance

Toyota scheduled to announce earnings in afternoon session, stock soft ahead of results.

Semiconductors▲ · 1 stocks
Others▼ · 1 stocks