The Nikkei Average was broadly sharply lower at the afternoon session open, with major stocks including Ibiden and Murata Manufacturing sold. The broader market continued in a risk-off trend in response to US equities.
At the afternoon session open, the Nikkei Average was trading well below the previous day's close, with Ibiden and Murata Manufacturing reportedly lower among individual stocks. Investors are taking a cautious approach to stock selection while assessing the direction of trading today.
The Nikkei Average fell to 63,173.53, down 1,485.94 at the start of afternoon trading. USD/JPY was 157.59, the Dow Jones Industrial Average closed at 52,342.56, down 132.54, and the Shanghai Composite was 3,651.43, down 30.03, with major markets all trending lower.
The market is generally maintaining a risk-off stance, and positioning in individual stocks could be reshuffled depending on the direction of the afternoon session. Investors are watching trading value trends and news releases from individual stocks as they assess the outlook.