Following declines in U.S. stocks, selling by overseas investors in stock index futures and major stocks is expected to dominate trading in the Tokyo market. Global rises in long-term interest rates are likely to heighten concerns over expensive stock valuations, with the Nikkei 225 expected to find a downside level about ¥1,700 below the previous day's closing price.
The Nikkei 225 is highly likely to extend its decline in the Tokyo stock market on the 2nd. Following the previous day's fall in U.S. stocks, overseas investors are expected to sell stock index futures and major stocks.
The Nikkei 225 is expected to find a downside level around ¥64,500, compared with the previous day's close of ¥66,215.34, while global rises in long-term interest rates are likely to heighten concerns that stock valuations are expensive.
In the U.S. stock market on the 1st, the Dow Jones Industrial Average fell for a third straight day, closing down ¥419 from the previous day. These movements could influence trading in the Tokyo market.