Selling spread across the Tokyo stock market on the 29th following the decline in the New York stock market on the 28th, sending share prices lower across a broad range of stocks. The morning closing level was reportedly expected to be down from the previous day.
On the 29th, the Tokyo stock market followed the previous day's decline in the New York market, with all major stock price indices falling. In line with this, investors placed selling orders across a wide range of stocks, and share prices were falling.
The Nikkei Stock Average was seen to be down from the previous day during morning trading, and selling pressure was also reported to have spread to individual stocks.