The Nikkei average closed at ¥60,081.86 on the 2nd, down ¥208.25 from the previous day, as selling by investors waiting for a rebound prevailed ahead of the U.S. midterm elections. Selling dominated in the morning, and the average temporarily rose more than ¥300 in the afternoon, but ultimately extended its decline.
The Nikkei average closed at ¥60,081.86, down ¥208.25 from the previous day, while TOPIX fell 34.79 points to 3,930.28.
Selling dominated from the morning against a backdrop of declines in U.S. stocks, with the intraday low falling to around ¥60,712.91. The market temporarily rebounded in the afternoon following gains in South Korea’s Kospi.
Trading volume on the TSE Prime Market exceeded 23 billion shares, while trading value was ¥7.6403 trillion. Declining stocks accounted for approximately 65% of the total, while advancing stocks accounted for only approximately 6%.
Twenty-three of the 33 sectors declined. Warehousing and harbor transportation, various services and nonferrous metals fell, while glass and ceramics and foods advanced.
The yen temporarily weakened to around ¥158 per dollar, and caution over the U.S. midterm elections appears to have affected the Nikkei average.