[Fujitomi] Tokyo Stock Exchange continues to fall; TSE Mothers Index drops sharply

The Nikkei Stock Average fell again, closing at 19,577.38 yen, down 32.12 yen (0.16%) from the previous day. With investors cautious ahead of the Japan-U.S. policy-making meetings, selling was slightly dominant as U.S. stock declines and a continued drop in crude oil futures discouraged buyers, though the market was helped by observed ETF purchases by the Bank of Japan. The TOPIX also edged lower, ending at 1,571.31, down 3.59 points (0.23%) from the previous day.

The trading value on the Tokyo Stock Exchange First Section was 1.6771 trillion yen, the lowest in about three weeks since February 21. The trading volume was 1.6502 billion shares, with 1,461 issues down, 420 up, and 123 unchanged on the First Section.

Among the 33 sectors on the Tokyo Stock Exchange First Section, 25 sectors, including Oil & Coal Products, Electric & Gas, Mining, Steel, Pulp & Paper, Textiles, Nonferrous Metals, and Electrical Machinery, declined, while eight sectors, including Shipping, Insurance, Other Products, Transportation Equipment, and Retail, rose.

Ahead of a series of key events, position-adjustment selling expanded, and selling was favored not only on the Tokyo Stock Exchange First Section but also in the emerging markets. The Tokyo Stock Exchange Mothers Index continued to fall, closing at 1,035.79, down 36.38 points (3.39%) from the previous day. This marked the largest drop since November 9 of last year. The Nikkei Jasdaq Average also declined, finishing at 3,012.71, down 29.71 yen (0.98%) from the previous day.

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