During the morning session on 2 October, the Nikkei traded generally in the lower half of the ¥68,000 range, weighed down by the reversal of sharp gains through the previous day and the stronger yen. Reports covered morning market movements, stock trends and the impact of foreign exchange rates.
The Nikkei traded around ¥500 below the previous day during the morning of 2 October, continuing to trade in the lower half of the ¥68,000 range. The reversal of recent gains and the stronger yen prompted selling from the outset.
By sector, 28 of the 33 sectors declined and 5 rose. Sharp decliners included Orix, Toyota and Honda, while securities, precision instruments, and information and communications stocks also weakened. Non-ferrous metals and mining stocks, however, remained firm.
In the Tokyo FX market, dollar/yen traded in the lower ¥158 range and euro/yen in the mid-¥177 range. Reports said that in the US equity market the Dow posted a modest rebound and the Nasdaq extended its gains slightly, with these developments influencing the market's outlook.