The Nikkei 225 continued to decline in the Tokyo stock market on the morning of the 29th, with stocks broadly lower and the index temporarily falling by more than ¥800. The previous day's record date for September interim dividends paid by companies with March year-ends was also reported to have contributed.
The Nikkei 225 continued to decline in the Tokyo stock market on the morning of the 29th, with the market broadly lower. Selling spread across stocks, regardless of sector or company, weakening the market as a whole. The decline temporarily exceeded ¥800.
The Nikkei 225's morning closing level was ¥65,307. Market-wide price movements were limited, while selling remained dominant.
The previous day was the record date for receiving September interim dividends from companies with March year-ends, and reports indicated that the record-date adjustment was viewed as a selling catalyst.
The broad-based decline continued that day, with reports suggesting that sell orders were frequently seen across stocks regardless of company.