Tokyo Market Open: Nikkei Average Falls Amid Early Selling Due to Rising Oil Prices; Kioxia Drops on Nikkei Component Rebalancing; Nonferrous Stocks like Sumitomo Metal Mining Weighed Down by Gold Price Decline; Fujitsu Extends Gains, Supported by Rise in US Software Stocks; F&LC Plummets 11%
![Good morning, moomoo users![Rose]Here is a summary of this morning's opening. Thank you for your attention. Market Overview On the 6th, the Tokyo Stock Exchange saw the Nikkei Average open lower by 603 yen at 54,674 compared to the previous day. The US stock market closed with the Dow down 784 points the day before, and heightened tensions in the Middle East led to a sharp rise in crude oil prices, which weighed on the market. As a result, selling pressure dominated the Tokyo market at the opening. The exchange rate was around 157.50 yen to the dollar. Top News [Share Link: Sumitomo Metal Mining - Sharply Down for the 4th Consecutive Day; Non-Ferrous Stocks Under Pressure from Falling Gold Prices] $Sumitomo Metal Mining (5713.JP)$ The stock has sharply declined for the fourth consecutive day, amid negative sentiment due to falling gold prices. New York gold futures fell on the 5th. The closing price of the benchmark April contract at the New York Mercantile Exchange (COMEX) dropped $56.0 from the previous trading day to $5,078.7 per troy ounce. Despite its safe-haven appeal, US gold...](https://sgsnsimg.moomoo.com/sns_client_feed/181569713/20260306/web-1772755301522-rxG5NDv2J0.webp/big?area=105&is_public=true&imageMogr2/ignore-error/1/format/webp)
Good morning, moomoo users!
Here is a summary of this morning's opening. Thank you for your attention.
Here is a summary of this morning's opening. Thank you for your attention.Market Overview
On the 6th, the Tokyo Stock Exchange saw the Nikkei Average open lower by 603 yen at 54,674 compared to the previous day. The US stock market closed with the Dow down 784 points the day before, and heightened tensions in the Middle East led to a sharp rise in crude oil prices, which weighed on the market. As a result, selling pressure dominated the Tokyo market at the opening. The exchange rate was around 157.50 yen to the dollar.
![Good morning, moomoo users![Rose]Here is a summary of this morning's opening. Thank you for your attention. Market Overview On the 6th, the Tokyo Stock Exchange saw the Nikkei Average open lower by 603 yen at 54,674 compared to the previous day. The US stock market closed with the Dow down 784 points the day before, and heightened tensions in the Middle East led to a sharp rise in crude oil prices, which weighed on the market. As a result, selling pressure dominated the Tokyo market at the opening. The exchange rate was around 157.50 yen to the dollar. Top News [Share Link: Sumitomo Metal Mining - Sharply Down for the 4th Consecutive Day; Non-Ferrous Stocks Under Pressure from Falling Gold Prices] $Sumitomo Metal Mining (5713.JP)$ The stock has sharply declined for the fourth consecutive day, amid negative sentiment due to falling gold prices. New York gold futures fell on the 5th. The closing price of the benchmark April contract at the New York Mercantile Exchange (COMEX) dropped $56.0 from the previous trading day to $5,078.7 per troy ounce. Despite its safe-haven appeal, US gold...](https://sgsnsimg.moomoo.com/sns_client_feed/181569713/20260306/web-1772757409305-BqZxGebvPG.png/big?area=105&is_public=true&imageMogr2/ignore-error/1/format/webp)
![Good morning, moomoo users![Rose]Here is a summary of this morning's opening. Thank you for your attention. Market Overview On the 6th, the Tokyo Stock Exchange saw the Nikkei Average open lower by 603 yen at 54,674 compared to the previous day. The US stock market closed with the Dow down 784 points the day before, and heightened tensions in the Middle East led to a sharp rise in crude oil prices, which weighed on the market. As a result, selling pressure dominated the Tokyo market at the opening. The exchange rate was around 157.50 yen to the dollar. Top News [Share Link: Sumitomo Metal Mining - Sharply Down for the 4th Consecutive Day; Non-Ferrous Stocks Under Pressure from Falling Gold Prices] $Sumitomo Metal Mining (5713.JP)$ The stock has sharply declined for the fourth consecutive day, amid negative sentiment due to falling gold prices. New York gold futures fell on the 5th. The closing price of the benchmark April contract at the New York Mercantile Exchange (COMEX) dropped $56.0 from the previous trading day to $5,078.7 per troy ounce. Despite its safe-haven appeal, US gold...](https://sgsnsimg.moomoo.com/sns_client_feed/181569713/20260306/web-1772757419948-6C8FvMTRKY.png/big?area=105&is_public=true&imageMogr2/ignore-error/1/format/webp)
Top News
Sumitomo Metal Mining - Sharply Down for the 4th Consecutive Day; Non-Ferrous Stocks Under Pressure from Falling Gold Prices
$Sumitomo Metal Mining (5713.JP)$ The stock has sharply declined for the fourth consecutive day, amid negative sentiment due to falling gold prices.
Sumitomo Metal Mining - Sharply Down for the 4th Consecutive Day; Non-Ferrous Stocks Under Pressure from Falling Gold Prices
$Sumitomo Metal Mining (5713.JP)$ The stock has sharply declined for the fourth consecutive day, amid negative sentiment due to falling gold prices.
New York gold futures reversed lower on the 5th. The settlement price of the benchmark April contract at the New York Mercantile Exchange (COMEX) was $56.0 lower than the previous trading day, closing at $5,078.7 per troy ounce. Despite its safe-haven appeal, gold, being an asset that does not yield interest, was less favored amid rising US interest rates and a strong dollar, putting downward pressure on dollar-denominated gold prices.
Following this trend, domestic non-ferrous metal stocks are also seeing a predominance of selling. $Mitsubishi Materials (5711.JP)$ 、 $DOWA Holdings (5714.JP)$ Others are also trading lower.
SoftBank Group is under selling pressure as the decline in US tech stocks and AI investment burdens weigh on its upside potential.
$SoftBank Group (9984.JP)$ Despite mixed views, the stock remains in a selling-dominant trend. As futures-led declines drive the broader index lower, index selling pressure has been mounting on this company's shares, which rank high in terms of their contribution to the Nikkei Average. In the previous session on the US market, semiconductor stocks were weak, dragging down its subsidiary $Arm Holdings (ARM.US)$ as well.
Additionally, concerns are mounting over SoftBank’s planned investment of approximately 10 trillion yen into OpenAI, with S&P Global Ratings revising its long-term issuer rating outlook to negative, reflecting increasingly cautious evaluations from rating agencies. Despite strong performance during a transformative phase, with net profit for the April-December period of fiscal 2025 surging fivefold year-on-year to over 3.1726 trillion yen, investor focus has shifted to future periods, caught between recent robust earnings and fears that heavy investments in AI infrastructure could weigh on profitability.
Kioxia – Stock falls after Nikkei Average's periodic constituent review; the company and Pan Pacific HD newly included
$Kioxia Holdings (285A.JP)$ fell back after The Nikkei announced changes to the constituent stocks of the Nikkei Average on the 5th.
$Kioxia Holdings (285A.JP)$ fell back after The Nikkei announced changes to the constituent stocks of the Nikkei Average on the 5th.
The company and $Pan Pacific International Holdings (7532.JP)$ will be newly included, while $GS Yuasa (6674.JP)$ 、 $Casio Computer (6952.JP)$ will be removed, effective from calculations starting April 1st.
The stock price is under downward pressure due to a weak market tone, with selling prevailing.
Fujitsu - Shares rose sharply for the third consecutive day, supported by the rise in US software stocks; NEC also performed well
$Fujitsu (6702.JP)$ rose sharply for the third consecutive day, supported by positive sentiment from gains in US software stocks.
$Fujitsu (6702.JP)$ rose sharply for the third consecutive day, supported by positive sentiment from gains in US software stocks.
The previous day's US stock market saw a decline in all three major indexes due to a sharp rise in crude oil prices, but some software stocks were bought aggressively. Shares such as Microsoft, IBM, and Salesforce, which had already dropped significantly due to AI replacement concerns, rebounded.
Following this trend, buying has also been observed in domestic software-related stocks. $NEC (6701.JP)$ 、 $BayCurrent (6532.JP)$ 、 $Nomura Research Institute (4307.JP)$ 、 $Freee KK (4478.JP)$ 、 $Money Forward (3994.JP)$ Other related names are also trading higher.
Hitachi - Shares declined despite the announcement of a contract for an Italian subway project worth approximately 88.8 billion yen.
$Hitachi (6501.JP)$ Shares retreated. On the 5th, Hitachi announced that its railway systems division, Hitachi Rail, will design and supply vehicles and signaling systems for the Rebaudengo-Politecnico section of Turin Metro Line 2 in Italy.
$Hitachi (6501.JP)$ Shares retreated. On the 5th, Hitachi announced that its railway systems division, Hitachi Rail, will design and supply vehicles and signaling systems for the Rebaudengo-Politecnico section of Turin Metro Line 2 in Italy.
The total value of the project is approximately 481.6 million euros (about 88.8 billion yen). It is aimed at Infrastrutture Trasporto Torino S.p.A., with Hitachi Rail further strengthening its role as a technical partner in developing innovative fully automated metro systems.
However, the positive impact on the share price has been limited.
F&LC - Selling pressure as Chinese authorities inspect; claims of parasitic eggs found in tuna circulate
$Food & Life Companies (3563.JP)$ Shares are under selling pressure. Record China reported at 4 PM on the 5th that a store of the sushi chain Sushiro, operated by the company in Beijing, was inspected by local authorities.
$Food & Life Companies (3563.JP)$ Shares are under selling pressure. Record China reported at 4 PM on the 5th that a store of the sushi chain Sushiro, operated by the company in Beijing, was inspected by local authorities.
This was reported citing multiple Chinese media outlets. According to Chinese media reports, the Mentougou District Market Supervision Administration in Beijing issued a notice on the 4th regarding a citizen who complained about finding 'parasite eggs on the tuna' at the Sushiro Chang'an Tianjie store.
Following the report, concerns about the impact on the company’s China operations have led to a predominance of selling pressure on the stock.
<Special Quote> Nomura Research Institute, Cover, and BayCurrent are showing buying interest.
In addition,$GNI Group (2160.JP)$や$Cover (5253.JP)$ 、 $BayCurrent (6532.JP)$ 、 $Rakus (3923.JP)$ This stock is also moving to a special buying quote.
On the other hand, $Food & Life Companies (3563.JP)$ With a top sell order of 87.2 billion yen (buy orders at 14.0 billion yen), the special sell order has been lowered.
In addition,$Namura Shipbuilding (7014.JP)$や$Nippon Electric Glass (5214.JP)$ 、 $Shizuoka Financial Group (5831.JP)$ 、 $OSAKA Titanium technologies (5726.JP)$ This stock is also shifting to a special selling quote.
As of 9:03:32 on March 6, there are 20 special buy orders and 30 special sell orders.
$Nomura Research Institute (4307.JP)$ With a top buy order of 22.5 billion yen (sell orders at 13.0 billion yen), the special buy order has been lifted. $Sysmex (6869.JP)$ There are also substantially more buy than sell orders, raising the possibility that the stock could be bought up to its upper limit price.In addition,$GNI Group (2160.JP)$や$Cover (5253.JP)$ 、 $BayCurrent (6532.JP)$ 、 $Rakus (3923.JP)$ This stock is also moving to a special buying quote.
On the other hand, $Food & Life Companies (3563.JP)$ With a top sell order of 87.2 billion yen (buy orders at 14.0 billion yen), the special sell order has been lowered.
In addition,$Namura Shipbuilding (7014.JP)$や$Nippon Electric Glass (5214.JP)$ 、 $Shizuoka Financial Group (5831.JP)$ 、 $OSAKA Titanium technologies (5726.JP)$ This stock is also shifting to a special selling quote.
![Good morning, moomoo users![Rose]Here is a summary of this morning's opening. Thank you for your attention. Market Overview On the 6th, the Tokyo Stock Exchange saw the Nikkei Average open lower by 603 yen at 54,674 compared to the previous day. The US stock market closed with the Dow down 784 points the day before, and heightened tensions in the Middle East led to a sharp rise in crude oil prices, which weighed on the market. As a result, selling pressure dominated the Tokyo market at the opening. The exchange rate was around 157.50 yen to the dollar. Top News [Share Link: Sumitomo Metal Mining - Sharply Down for the 4th Consecutive Day; Non-Ferrous Stocks Under Pressure from Falling Gold Prices] $Sumitomo Metal Mining (5713.JP)$ The stock has sharply declined for the fourth consecutive day, amid negative sentiment due to falling gold prices. New York gold futures fell on the 5th. The closing price of the benchmark April contract at the New York Mercantile Exchange (COMEX) dropped $56.0 from the previous trading day to $5,078.7 per troy ounce. Despite its safe-haven appeal, US gold...](https://sgsnsimg.moomoo.com/sns_client_feed/181569713/20260306/web-1772755327562-Rcv9hStBoh.webp/big?area=105&is_public=true&imageMogr2/ignore-error/1/format/webp)
Source: MINKABU, Trader's Web, Fisco, Stock Newspaper, Jiji Press
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