The Nikkei Stock Average in the morning session on the 23rd fell 633.75 yen from the previous trading day to 58,952.11, declining for the first time in two sessions. Trading volume on the Prime Market in the morning session was estimated at 1,427,670,000 shares, with trading value estimated at 4,840,300,000,000 yen. The number of advancing issues was 156, while declining issues totaled 1,385, with 31 unchanged.

In the Tokyo stock market during the morning session, the Nikkei Average opened higher and reached the 60,000 mark for the first time at 9:06 a.m., shortly after the opening. With a sense of relief spreading over the ceasefire extension between the United States and Iran, the U.S. stock market the previous day saw strong movements centered on high-tech stocks, and the Tokyo market inherited this trend with a risk-on mood prevailing in early trading. Major semiconductor-related stocks led the overall market higher. However, after initial buying subsided, the index turned negative. Profit-taking intensified following a sense of achievement at reaching the milestone, leading to a rapid loss of momentum. Declining issues on the Prime Market reached nearly 90% of the total.

Individually, DISCO CORPORATION <6146>, Lasertec corporation <6920>, and Fujikura Ltd. <5803> declined. ADVANTEST CORPORATION <6857> and Tokyo Electron Limited <8035> were slightly lower. FAST RETAILING CO., LTD. <9983>, Mitsubishi UFJ Financial Group, Inc. <8306>, Recruit Holdings Co.,Ltd. <6098>, and FANUC CORPORATION <6954> were weak. Money Forward, Inc. <3994> fell sharply. On the other hand, SoftBank Group Corp. <9984> was higher. Hitachi, Ltd. <6501>, Mitsubishi Heavy Industries,Ltd. <7011>, and Renesas Electronics Corporation <6723> were firm. Socionext Inc. <6526> surged.

Source: MINKABU PRESS

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