The Nikkei 225 fell for a second straight day on 2 November, dropping to ¥62,712.91 intraday before rebounding to ¥63,615.32. It ultimately closed at ¥63,081.86, below the previous week's level and below the five-day moving average.
The Nikkei 225 extended its decline in trading at the start of the week. After hitting an intraday low of ¥62,712.91 in the morning session, it rebounded to ¥63,615.32 in the afternoon session and ultimately closed at ¥63,081.86.
Today's close was below the five-day moving average of ¥63,650.80, a move that can be interpreted as reflecting strong selling pressure on rebounds.
The candlestick was bullish, but its upper shadow did not reach the five-day moving average. The 25-day moving average also continued to decline, suggesting that the short-term rebound remained weak.
Related news attracting attention included movements in the Nikkei Volatility Index, developments in U.S. markets, and earnings results from Japanese and overseas companies.