Selling is expected to dominate under the influence of weaker US stocks, and views were reported that the Nikkei Average could fall below 60,000 at times in the Tokyo market on the 11th.
The Nikkei Average stood at 60,459.58, while the NY Dow closed sharply lower at 52,231.89. The decline in US markets was expected to spread selling pressure to the Japanese market.
Market participants pointed to the possibility of further deterioration in investor sentiment against the backdrop of weaker US stocks, and indicated that the Nikkei Average could fall below 60,000 at times.
The day's developments were expected to show the decline in US stock indexes and the resulting risk-off moves affecting the opening and intraday trading of the domestic equity market. Market reaction in subsequent reports will be closely watched.