Midday market news reported that Nikkei 225 futures were expected to fall to around ¥66,440, while the Nikkei Average was sharply lower as of 3:00 p.m. The market is said to be continuing to search for a floor in the ¥64,000 range.
Afternoon market developments included reports that Nikkei 225 futures were trading around ¥66,440, while the Nikkei Average itself was sharply lower. The Nikkei Average was reported to be down approximately ¥1,734 at around ¥64,481 as of 3:00 p.m.
All 33 TSE industry sectors were trending lower, indicating that a bearish mood had spread across the market. Key points from market news on the Nikkei Average included declines in major indicators and weakness across sectors.