Nikkei pares losses after falling more than 2% in morning trade

  • Nikkei Stock Average recovered from its morning low during afternoon Tokyo trading.
  • 65,600 was the approximate trading level, down roughly ¥750 from the previous week's close.
  • U.S. monetary-policy uncertainty weighed on sentiment, while earnings expectations supported Japanese shares.

The Nikkei Stock Average recovered from a morning decline of more than 2% to trade around 65,600 on the 31st, still roughly ¥750 below the previous week's close. Stock index futures buying supported cash equities after major U.S. indexes fell the previous Friday following hawkish remarks from Fed Chair Warsh. Fast Retailing, Sony Group and Kioxia Holdings gained, while Advantest, Tokyo Electron and SoftBank Group remained weak. Trading stayed active, with TSE Prime Market turnover estimated at ¥3.89 trillion by 12:45 p.m. and an approximately ¥38.5 billion basket trade conducted through the Tokyo Stock Exchange's off-auction facility. U.S. monetary-policy uncertainty remained a headwind, while expectations for Japanese corporate earnings supported the market.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.