Selling is reported to have concentrated in semiconductor-related stocks in the afternoon session, and the Nikkei Average is expected to remain near its lows. The morning session opened down ¥466.07, and the decline widened to the ¥1,700 range. The Nikkei is expected to fall well below ¥70,000 at times.
The Nikkei Average is expected to remain near its lows in the afternoon session. The morning session saw the decline widen from ¥466.07 at the open to the ¥1,700 range, and the lack of a strong rebound is expected to remain a focus in the afternoon.
The Nikkei Average fell well below the ¥70,000 milestone, with long positions built up during the recent rally apparently being unwound.