Nikkei Average falls sharply as selling prevails amid weakness in U.S. tech stocks / Lunchtime Commentary

The Nikkei Average fell sharply, with selling prevailing as investors watched the performance of U.S. tech stocks. The market is reporting on conditions in the 11 a.m. hour and movements in major indicators.

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The story

According to a breaking market news report, the Nikkei Average stood at ¥65,477.41 as of 11:35, down ¥823.03 from the previous day, or -1.24%. Selling appears to have prevailed since the morning session began.

In the U.S. market, the Dow Jones Industrial Average closed at around 54,349.12, up 263.24 dollars. Meanwhile, the Shanghai Composite stood at 3,878.42 points, up 56.14 points.

USD/JPY is trading around ¥157.72. Developments in the domestic market are being driven by close attention to movements in U.S. equity markets.

At a glance

Nikkei 22565,477.41 at 11:35, -823.03 (-1.24%)

Dow Jones Industrial Average54,349.12 at the close, +263.24

Shanghai Composite3,878.42、+56.14

USD/JPY¥157.72

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