Japanese stocks extended their declines, with TOPIX down 0.88% and the Nikkei 225 down 0.62%, as selling spread broadly. While the Nasdaq was relatively firm in the US market, the Japanese market is expected to see a limited recovery.
The Nikkei 225 fell 0.62% and TOPIX fell 0.88%, with index-led selling prevailing and the market declining broadly. US stocks were relatively strong, with the Nasdaq up 1.11%, leaving market conditions divided between Japan and the US.
Some reports said that 80% of Prime-listed stocks declined, suggesting that supply-and-demand factors may have a stronger impact than individual stock catalysts in the current market. It has also been noted that supply-and-demand fluctuations may become more volatile.
Future market trends may change depending on external conditions, and attention is expected to remain focused on US interest rates, economic indicators and overseas equity markets.