Tokyo stocks opened mixed on continued buybacks, SoftBank earnings

Tokyo stocks began the trading day with a mixed performance on Wednesday, as most sectors experienced an uptick following a series of recent declines, while SoftBank Group shares suffered a decline after the company disclosed a net loss for the April-September quarter – its first loss in three years. By the end of the first 15 minutes of trading, the 225-issue Nikkei Stock Average had slipped 0.65 points, dropping from 60,458.93 to 60,458.28.

In contrast, the broader Topix index gained 29.12 points, or 0.75 percent, reaching 3,922.83. Among the top-tier Prime Market stocks, textile and apparel companies, as well as real estate firms, were among the main gainers, while nonferrous metal producers and information and communication technology firms saw notable declines. At 9 a.m., the U.S. dollar was trading at 158.70-72 yen, slightly stronger than the 158.71-81 yen rate in New York and 158.01-02 yen in Tokyo at 5 p.m. on Tuesday.

Meanwhile, the euro was quoted at $1.1169-1169, matching the New York rate of $1.1160-1170 and 177.26-28 yen against the U.S. dollar. In New York, the U.S. dollar was valued at $1.1160-1170 and 177.17-27 yen, while in Tokyo, the rates were $1.1240-1242 and 177.61-65 yen.