FX168 Financial Report (Asia Pacific) reported that on Tuesday (November 12th), the Tokyo stock market closed with mixed gains and losses, with the gains from bank stocks and export-oriented autos benefiting from the weakening yen offset by the selling of tech stocks ahead of major company earnings announcements.

As of the close, the Nikkei 225 Stock Average, consisting of 225 stocks, fell 157.23 points, or 0.40%, to 39,376.09 points on Monday. The broader Topix index rose 1.84 points, or 0.07%, to close at 2,741.52 points. #JapaneseMarkets#

In the primary market, sectors leading the gains were transportation equipment and rubbers, while the electrical and coal oil products sectors were among the top decliners.

On the Tokyo Stock Exchange, 784 stocks fell today, 800 rose, and 61 remained unchanged.

Although the morning trading was supported by the rise in the US stock market, selling pressure on equity index futures continued in the afternoon, causing the Nikkei index to fall nearly 400 points. The Nikkei index has been struggling to break through 39,800 points, triggering cautious selling as investors focus on market resistance to further gains.

Due to expectations that the policies of the newly elected US President Donald Trump may lead to an increase in inflation and maintain high-interest rates, the dollar/yen briefly surpassed 154 in Tokyo but later retreated due to profit-taking by traders.

Stocks rose in the morning session, with bank stocks rising on profit expectations from rising interest rates and the weakening yen prompting investors to repurchase recently hit automotive stocks. However, in the afternoon, cautious sentiments in the tech sector intensified as investors remained cautious ahead of earnings releases from Tokyo Electron Ltd. unsponsored ADR and technology investment company SoftBank Group.

"Overall, Japanese companies' recent financial performance has been poor, with some companies showing weak growth," said Masahiro Ichikawa, Chief Market Strategist at Sumitomo Mitsui DS Asset Management, "Investors' actions may reflect their cautious outlook on these companies' performance."

Market sentiment was also affected as there were reports that Trump planned to nominate the hawkish Senator Marco Rubio as Secretary of State, raising concerns in the market that this appointment could have a negative impact on Japanese chip-related companies operating in China.