The Nikkei 225 opened on the 8th at ¥65,843.69, down ¥556.15 from the previous day, marking its first decline in 3 sessions. Selling is dominating export-related stocks against a backdrop of yen appreciation.
The Nikkei 225 opened on the 8th at ¥65,843.69, down ¥556.15 from the previous day. In addition to profit-taking after the previous day's sharp rise, the yen's move toward appreciation is weighing on stocks. U.S. markets were closed on the 7th local time. Nikkei 225 futures in the Osaka Exchange night session stood at ¥60,670, down ¥420 from the settlement price.
In the Tokyo foreign exchange market, the dollar was trading in the upper ¥153 range and the euro in the upper ¥178 range. As a result, selling is dominating, particularly in export-related stocks.
As related information, the Nikkei 225 was showing a decline of approximately ¥56.55 at the opening on the 8th, while other market indicators were also trending weakly.