As of 1:50 pm, the Nikkei Average is down 957 yen. In terms of Nikkei Stock Average Contribution Ratio, companies such as Toshiba Electronic Devices & Storage Corporation <8035>, First Retailing Co., Ltd. <9983>, and Advantest Corporation <6857> are among the top contributors in negative, while companies like Nitori Holdings Co., Ltd. <9843>, Sumitomo Realty & Development Co., Ltd. <8830>, and Yaskawa Electric Corporation <6506> are among the top contributors in positive. Looking by sector, the insurance industry, electric appliances, marine transportation, banks, and nonferrous metals are among the top declining sectors, while real estate, fisheries, agriculture and forestry, construction, and land transportation are among the top growing sectors.
The Nikkei Average is experiencing sluggishness in the rebound. With the Tokyo market set to be closed for a three-day weekend starting tomorrow, there seems to be less active trading as some investors wait to see high-profile economic indicators from the United States such as the June Wholesale Price Index (PPI) and the July Consumer Sentiment Index (University of Michigan survey), which will be released tonight.