While the Nikkei Volatility Index (Nikkei VI) rose, concerns over downside support during trading hours eased. Against a backdrop of declines in U.S. equities and interest-rate movements, market activity at times settled down in the afternoon.
The Nikkei VI rose 0.55 from the previous day to 30.14, moving between a high of 30.14 and a low of 27.17. After trading began, movements in Nikkei 225 futures supported the downside, and the index at times turned higher in the afternoon.
Following declines in technology stocks in the U.S. equity market, major semiconductor-related stocks were sold in Tokyo, heightening awareness of share-price volatility risk alongside movements in the Nikkei VI.
After long-term U.S. interest rates declined in overseas markets, domestic interest rates also remained weak. This interest-rate environment provided reassurance to the equity market and contributed to easing concerns.
Overall, downside support was maintained after trading began, while market concerns about volatility eased at times in the afternoon.