The Nikkei 225 fell on the morning of the 2nd, temporarily declining by more than ¥700. The reversal after the previous day's sharp rise and higher oil prices were viewed as weighing on the market.
The Nikkei 225 fell on the morning of the 2nd in the Tokyo stock market, temporarily dropping by more than ¥700. Selling across the market led the decline.
The Nikkei 225's sharp rise through the previous day became a headwind, and profit-taking selling spread. In addition, higher oil prices were viewed as a factor weighing on companies' earnings outlooks.
The Nikkei 225's decline narrowed at times as the morning progressed, but the downward trend continued during morning trading and investor caution increased.