The Nikkei 225 fell sharply for a third straight day, closing at 64,325.64, down 1,889.70. Autonomous-driving-related TIER IV hit its daily price limit, driving a surge in trading activity.
The Nikkei 225 fell sharply for a third straight day on the 2nd, dropping by four digits from the opening and extending its losses during the session. It closed at 64,325.64, down 1,889.70, while the TOPIX also fell sharply, intensifying risk-averse sentiment.
Trading value on the TSE Prime market was estimated at ¥8.03 trillion. All sectors declined. Fishery, Agriculture & Forestry, Marine Transportation and Banks posted only modest declines, while Nonferrous Metals, Services, and Glass & Ceramics saw larger losses. Buying emerged in autonomous-driving-related stocks, which had recently attracted funds, and TIER IV at times reached its daily price limit.
Among individual stocks, SoftBank Group was sold off, falling 6.4%, highlighting the broader market’s risk-averse trend. The Nikkei 225, TOPIX, Growth index and TSE REIT Index, among other indicators, remained weak.
The Nikkei 225 posted the largest decline among the major indexes, while trading value remained above ¥8 trillion. Dollar-yen stood at 159.57 and euro-yen at 184.66, and sentiment toward yen-denominated assets also weakened somewhat.