The Tokyo stock market fell in the morning session on July 16, with the Nikkei Stock Average ending the morning at 66,796.79 yen, down 1,954.72 yen from the previous business day. Following selling of semiconductor-related stocks in the U.S. market the previous day, related issues were sold heavily, and at one point the index fell 2,252.02 yen to 66,499.49 yen. The sharp drop in South Korea's KOSPI also cooled investor sentiment. Among game and entertainment-related companies, of the 99 registered issues, 45 rose, 48 fell, and 6 were unchanged, with sellers in the lead. Earnings announcements divided the market, with Taito and Toho rising sharply while IG Port and Overlap Holdings plunged.
IG Port, Inc.IG Port plunged after its earnings announcement, which divided the market negatively for the company.
Toho Co., Ltd.Toho rose sharply after its earnings announcement, which divided the market positively for the company.