As of 1:50 pm, Nikkei Average is down 393 yen. In terms of Nikkei Average contribution, First Retailing <9983>, Tokyo Electron <8035>, Daikin <6367>, etc. are the top negative contributors, while Sony Group <6758>, Hitachi <6501>, TDK <6762>, etc. are the top positive contributors. In terms of sectors, mining, rubber products, securities and commodity futures, foods, and other financial businesses have the highest declining rate, while pulp and paper, banks, iron and steel, insurance, and warehousing and transportation related sectors have the highest rising rate.

Nikkei Average is trending in the low range. In addition to the rise in domestic long-term interest rates, the decline in Dow futures and Hong Kong Hang Seng Index is weighing on Tokyo market stocks, and aggressive buying seems to be sidelined.