The Nikkei Average continued to fall in the Tokyo market on the 8th, breaking below the key ¥70,000 level. Before 10 a.m., it was trading at ¥69,258, down ¥778 from the previous day, after briefly falling to ¥69,195. USD/JPY moved into the ¥158 range as the yen weakened, while attention also focused on Fast Retailing's earnings.
The Nikkei Average continued to fall in the Tokyo stock market on the 8th, breaking below the key ¥70,000 level. Before 10 a.m., it had fallen ¥778 from the previous day to ¥69,258, prompting heightened caution over further downside.
The Nikkei Average briefly fell to ¥69,195, and trading became more active during the morning session. Market attention was focused mainly on corporate earnings results and the outlook for economic conditions.
As the yen continued to weaken, USD/JPY approached the ¥158 range in the foreign exchange market. Currency movements are also a factor affecting the performance of the stock market.
Fast Retailing's earnings announcement was cited as a key market focus, with attention centered on the company's results and the outlook they indicate. Interest is also building in upcoming earnings announcements.