Temporary price drop of 595 yen

The Nikkei average stock price fell sharply.

The Bank of Japan revised its purchases of exchange-traded funds (ETFs), ceasing purchases aligned with the Nikkei 225 and consolidating into TOPIX-type purchases, which led to declines mainly in the stocks with high Nikkei 225 contributions, pushing prices lower.

It fell further to a low, mainly in those high-contribution stocks.

At one point it dropped to 29,621 yen (595 yen down from the previous day).

Although there were stages of limited decline afterward, the rebound was limited and the market turned weak toward the close.

On the other hand, the TOPIX rose for the ninth day in a row.

The Mothers Index fell for the first time in four days.

Nikkei Stock Average 29,792.05 -424.70 -1.41% (intraday close; down for the second day)

5-day moving average deviation +0.47%

Dow Jones CFD 32,899 +36 +0.11%

WTI crude oil near term 59.42 -7.81%

Shanghai Composite Index 3,402.91 -60.48 -1.75%

Hong Kong Hang Seng Index 28,766.00 -640.72 -2.18%

SQ value: 29,282.41 yen (March 12) 26,713.47 yen (December Major SQ)

TOPIX 2,012.21 +3.70 +0.18% (ninth straight rise)

Foreign exchange: 1 USD = 108.830 JPY; 1 EUR = 129.735 JPY

TOKYO Stock Exchange Mothers 1,230.04 -19.49 -1.56% (down for the first time in four days)

Nikkei JASDAQ Average 3,932.24 +6.75 +0.17% (up for the eleventh day)

TOKYO Stock Exchange First Section index 7,598.92 +24.07 +0.32% (up for the ninth day)

First Section trading volume was 2,101.87 million shares, with a trading value of 4,445.6 billion yen.

The number of advancing stocks in the First Section was 1,491 (67%), declining 623 (28%), and 81 (3%) unchanged.

In the sector-by-sector ranking, 21 sectors rose and 12 fell.

Among gainers, the leaders were shipping, steel, banks, securities and futures, real estate, insurance, transportation equipment, electricity and gas, ...

Among losers, the leaders were mining, information and communications, rubber products, services, other products, marine products and forestry, ...

Top gainers in the First Section included Wakakoto Pharmaceutical <4512> [currently 654 yen, +100 yen] Chiba Kogin Bank <8337> [currently 325 yen, +30 yen]

Property A <3464> [currently 2,300 yen, +212 yen] Geeks <7060> [currently 1,768 yen, +154 yen]

Top losers include Watabe <4696> [currently 352 yen, -55 yen] Renova <9519> [currently 3,165 yen, -260 yen]

MovaFak <3912> [currently 1,465 yen, -115 yen] Gift jogging <4449> [currently 3,740 yen, -250 yen]

Three megabanks Mitsubishi UFJ <8306> [currently 659.4 yen, +12.4 yen] Mizuho <8411> [currently 1,713.0 yen, +23.5 yen]

Sumitomo Mitsui <8316> [currently 4,343 yen, +83 yen]

Nomura <8604> [currently 698.3 yen, +8.8 yen] Daiwa <8601> [currently 596.8 yen, +15.3 yen]

SoftBank Group <9984> [currently 9,969 yen, -251 yen] Toyota <7203> [currently 8,644 yen, -6 yen]

Sony <6758> [currently 11,555 yen, -75 yen] Fujifilm <4901> [currently 6,521 yen, -73 yen] Takeda <4502> [currently 4,274 yen, +15 yen]

Nikkei Leverage <1570> [currently 33,800 yen, -950 yen] Nikkei 2x Inverse <1357> [currently 406 yen, +11 yen]

International VIX <1552> [currently 4,575 yen, +200 yen] NY Dow Bear <2041> [currently 3,155 yen, +15 yen]

WTI Crude Oil ETF <1671> [currently 1,254 yen, -83 yen]

From here, attention on stocks