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Tokyo stocks (morning session): Down 587 yen from previous day on profit-taking after sharp gains
The Nikkei Stock Average closed the morning session on the 17th at 58,930.87 yen, down 587.47 yen from the previous day. The estimated trading volume on the Prime Market during the morning session was 930.91 million shares, with an estimated trading value of 3,333.0 billion yen. The number of advancing issues was 504, declining issues numbered 1,017, and 55 issues remained unchanged.
The Nikkei Stock Average fell back. In the US stock market the previous day, the Dow Jones Industrial Average rebounded with a gain of 115 points, while the Nasdaq index extended its winning streak to 12 consecutive sessions and updated its all-time high. However, the Nikkei Stock Average opened lower. Following the previous day's sharp surge of 1,384 points that set a new record high, the market was prone to profit-taking. Rising crude oil prices also triggered caution. The decline of stocks with high index weightings, such as Tokyo Electron Limited <8035> and SoftBank Group Corp. <9984>, also weighed on the market, with the Nikkei Stock Average falling by more than 620 points at one point. In addition to semiconductor-related stocks, financial stocks including banks and
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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