The Nikkei 225 was down ¥1,732 as of 2:50 p.m., with market attention focused on the release of US economic data and Broadcom earnings. SoftBank Group, Advantest and Tokyo Electron were the leading negative contributors.
The Nikkei 225 has eased slightly from its lows but was still down ¥1,732 as of 2:50 p.m. SoftBank Group, Advantest and Tokyo Electron were among the biggest negative contributors, while Kioxia Holdings, Shionogi and Daiichi Sankyo were the top positive contributors.
Sectors broadly declined, with nonferrous metals, glass and ceramics products, services, transport equipment and electrical appliances among the biggest decliners. The market is expected to remain cautious ahead of the release of US economic data.
In the US, the August ADP National Employment Report and July factory orders will be released tonight, while the Beige Book is expected to be published in the early hours of tomorrow morning Japan time. Among corporate earnings, Broadcom is scheduled to report results for the May-July period.
The Nikkei 225's movement reflects the market's response ahead of the release of US economic data and earnings from major companies.