The Nikkei Stock Average fell sharply for a second straight session, slipping below its 25-day moving average, which is viewed as having turned downward. Movements in the U.S. and Shanghai markets have been cited as the backdrop.
The Nikkei Stock Average fell 2,134.31 from the previous day to 65,326.42, a sharp decline of 3.16%.
Major indexes fell in response to movements in the U.S. market. The Dow Jones Industrial Average closed at 53,343.40, down 116.38 from the previous day.
The Shanghai Composite Index closed at 3,894.42, down 95.88, following the same downward trend as the Nikkei Stock Average’s sharp decline.
Technically, the Nikkei Stock Average fell below its 25-day moving average, signaling a shift to a downward trend.