At the start of afternoon trading on the 2nd, the Nikkei Average was stuck near its lows in the mid-¥68,200s, down about ¥700 from the previous day. Investors are taking a stronger wait-and-see stance ahead of the US September employment report.
In the Tokyo stock market at the start of afternoon trading on the 2nd, the Nikkei Average was trading about ¥700 below the previous day, remaining stuck near its lows in the mid-¥68,200s. With the US September employment report due in 2 days, investors are increasingly taking a wait-and-see stance.
While the market expects the month-on-month increase in nonfarm payrolls in the September US employment report to slow, some domestic securities strategists said that confirmation of a firm US employment environment could revive expectations for a US rate hike and make it difficult for large investors to establish sizable positions.
In TSE off-auction trading after the morning close, domestic and overseas institutional investors executed a basket trade worth approximately ¥24.4 billion, involving multiple stocks traded as a package. As of 12:45 p.m., trading value on the TSE Prime Market was approximately ¥4.5242 trillion and trading volume was approximately 1,250.59 million shares.
Among individual stocks, Tokyo Electron extended its decline, while SoftBank Group (SBG) and Fast Retailing were lower. Advantest and Fujikura were higher.