At the opening of the afternoon session in Tokyo on the 29th, the Nikkei Average was again near its lows, trading approximately ¥700 below the previous day. Some trading company stocks fell further in the afternoon, while futures buying and large-lot transactions provided mixed support.
At the opening of the afternoon session in Tokyo on the 29th, the Nikkei Average was trading approximately ¥700 below the previous day. It was in the upper ¥65,100 range, with declines in high-priced stocks among the factors pushing the market lower.
In the afternoon, some trading company stocks, including Toyota Tsusho, Mitsubishi Corporation and Mitsui & Co., fell further, weighing on the Nikkei Average. Meanwhile, intermittent buying of Nikkei futures emerged at lower levels, and there was no immediate sign of a substantial widening of the decline.
Approximately ¥7.7 billion in off-auction trading on the TSE, in the form of basket trading, was executed after the morning close. As of 12:45 p.m., estimated trading value on the TSE Prime Market was ¥3.4554 trillion and trading volume was 1,078,780,000 shares.
TDK, KDDI and Toyota declined. Recruit rose further, while Lasertec and Disco also gained.
The article was compiled as a Nikkei QUICK News (NQN) report. The full text remains available through Nikkei's paid service.