The Nikkei Average fell ¥1,369, while selling spread across semiconductor stocks following Intel's sharp decline. It was also reported that the Bank of Japan would keep interest rates unchanged.
The Nikkei Average fell sharply, recording a ¥1,369 decline during trading. Selling prevailed across the market, which remained weak throughout the day.
Intel's sharp share-price decline triggered broad selling in the semiconductor sector, intensifying downward pressure on semiconductor-related stocks. Attention was also focused on individual stock movements.
The Bank of Japan was reported to have indicated that it would maintain its policy of keeping interest rates unchanged, and the impact on interest rate movements in the financial markets was observed.
Investors are watching for signs of a recovery in semiconductor stocks, developments in the Bank of Japan's policy management, next week's US midterm elections and employment report, and corporate earnings.