The Nikkei average opened 0.93% lower than the previous day at ¥68,313.46 in Tokyo trading, extending its decline. Semiconductor-related and leading stocks stood out for their weakness. By sector, precision instruments, services and transportation equipment moved lower, while mining and oil and coal products held up relatively well.
The Nikkei average opened 0.93% lower than the previous day, down ¥643.26, at ¥68,313.46 in Tokyo trading. Profit-taking sales led the market after the index had risen sharply over the previous 2 trading days.
By sector, precision instruments, services and transportation equipment were weak. Mining and oil and coal products remained firm.
Among individual stocks, Tokyo Electron and SoftBank Group fell, while Advantest showed a firm performance. Fast Retailing and leading automaker Toyota Motor declined, while Mitsubishi UFJ Financial Group traded near the previous day's closing level.