At the opening on 31 August, the Nikkei 225 started at ¥65,668.51, down 737.05 yen from the previous day. Selling prevailed after the opening, particularly in technology stocks, amid developments in the US market and caution surrounding the Federal Reserve.
The Nikkei 225 opened on 31 August at ¥65,668.51, down 737.05 yen from the previous trading day, and moved unevenly immediately after the opening in response to developments in the US market and remarks from the Federal Reserve. Both the Dow and Nasdaq indicated declines, while deterioration in the Chicago PMI and consumer confidence provided catalysts for selling. The index extended its losses after the opening, with selling in technology stocks weighing on the market toward the close.
Across the market, declines spread among leading stocks, while Toyota Motor, NTT and Sony Group were relatively firm among the stocks with the highest trading value on the TSE Prime Market. Kioxia Holdings, Fujikura, Mitsubishi UFJ Financial Group, Mitsubishi Heavy Industries, SoftBank Group, Tokyo Electron, Taiyo Yuden and Murata Manufacturing, among others, fell.
By sector, nonferrous metals, machinery and electrical appliances posted the largest declines, adding to downward pressure across the market. Futures also continued to trade weakly relative to Osaka in response to movements in the Nikkei 225.
Today's market action was influenced by movements in Chicago Nikkei 225 futures, while selling pressure in technology stocks continued after the opening and intensified toward the close.