The Nikkei Average was down around ¥190 in the morning session on the 7th, and although it briefly moved into positive territory, it was pressured by profit-taking selling and weakened again.
The Nikkei Average was trading around ¥190 below the previous day's level, at around ¥74,900. It fell to ¥74,250.06 at 10:06 a.m.
Profit-taking selling led during the day, although expectations for further gains provided support and the index briefly moved into positive territory. Selling ultimately prevailed, however, and there were periods when the decline widened.
By sector, 13 of the 33 sectors declined and 20 rose. Steel, electrical equipment, marine transportation, warehousing and harbor transportation, services, and pulp and paper stocks were weak, while construction stocks, including Taisei Corporation and Shimizu Corporation, performed firmly.
In the Tokyo foreign exchange market, as of 10:08 a.m., dollar-yen was trading in the mid-¥158 range and the euro in the low-¥178 range. The source was Wealth Advisor.