The Tokyo stock market opened on a weaker note on the 9th amid a hesitant tone, with the Nikkei Average starting lower. Trading continued with a directionless bias, though with a slight tilt toward selling.

The Nikkei Average closed down \413.10 at \55,895.32, reversing from the previous session. Trading volume on the Prime Market was approximately 2.27 billion shares, with turnover of approximately \8.2 trillion. Advancing issues totaled 287, declining issues numbered 1,263, and 27 issues were unchanged.

The market saw mixed trading in the morning session, with the Nikkei Average briefly turning positive before being pushed back by selling and remaining in negative territory for the remainder of the session ? declining more than \500 at its intraday low. Following the U.S.-Iran ceasefire agreement, Israel launched a large-scale attack on Lebanon, clouding expectations for peace negotiations. Reports indicate disagreement between the U.S. and Iran over whether Lebanon falls within the scope of the ceasefire. Additionally, Iran is reported to have re-blockaded the Strait of Hormuz in connection with the dispute. With the Middle East outlook remaining uncertain, buying was restrained in the Tokyo market, partly as a reaction to the previous session's sharp rally. Selling in high-priced semiconductor-related stocks weighed on the broader index. Declining issues on the Prime Market reached approximately 1,200, accounting for around 80% of all traded issues. Turnover exceeded \8.0 trillion.

On the individual stock front, SoftBank Group <9984>, Advantest <6857>, DISCO <6146>, Lasertec <6920>, and Tokyo Electron <8035> declined. Toyota Motor <7203>, Hitachi <6501>, Mitsubishi Heavy Industries <7011>, and Nintendo <7974> were weak. Major banks including Mitsubishi UFJ Financial Group <8306> declined, and Tokio Marine Holdings <8766> fell. Fast Retailing <9983> and Mitsubishi <8058> edged slightly lower. AEON <8267> fell sharply. Saizeriya <7581> plunged.

On the other hand, Furukawa Electric <5801> and Fujikura <5803> rose, while JX Advanced Metals <5016> gained ground. Nitto Boseki <3110>, IBIDEN <4062>, and Shin-Etsu Chemical <4063> were firm. Kokusai Electric <6525> surged. KEYENCE <6861> and Resonac Holdings <4004> were steady.

Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.