The Nikkei Average was down ¥1,407 as of 14:50, with most of the contribution coming from stocks making negative contributions. Attention is focused on market developments ahead of the release of U.S. CPI and the University of Michigan Consumer Sentiment Index.
The Nikkei Average was down ¥1,407 as of 14:50. Advantest, SoftBank Group and Tokyo Electron were among the largest negative contributors, while Kyocera, Toyota Tsusho and Bandai Namco Holdings were among the largest positive contributors. By sector, nonferrous metals, electric appliances, precision instruments, fabricated metal products and services were the biggest decliners, while insurance, marine transportation, mining, transportation equipment and wholesale trade were the biggest gainers.
The Nikkei Average remained range-bound. In the U.S., the August Consumer Price Index (CPI) and the preliminary September reading from the University of Michigan are due tonight, and market views could diverge depending on subsequent developments.