Selling prevailed from the opening in Tokyo, sending the Nikkei Average lower. Despite the positive lead from higher U.S. stocks, a wait-and-see mood remains firmly in place.
The Nikkei Average opened down ¥251 from the previous day at ¥65,604 in Tokyo trading on the 26th, with selling taking the lead.
European stocks finished mixed, but all major U.S. stock indexes, led by the Dow Jones Industrial Average, rose, prompting expectations of an improvement in investor sentiment.
A strong wait-and-see mood is gripping the domestic market ahead of the July U.S. PCE deflator release, scheduled for Japan time, and NVIDIA's earnings announcement, due early on the 27th.
Downside appears firm, and the market is expected to trade around the high-¥65,000s and the ¥60,000 mark.