The Nikkei Average began the afternoon session trading approximately ¥1,909 below the previous day's level. Selling has led the market amid movements in Dow futures and ahead of upcoming US CPI data.
The Nikkei Average stood at ¥63,361.04 in the afternoon session, starting sharply lower by ¥1,909.91 from the previous day. The morning close was ¥63,469.39, with losses widening after the opening.
By sector, nonferrous metals, electric appliances and precision instruments were among the biggest decliners, while mining, marine transportation and insurance were among the top gainers.
Among the TSE Prime Market stocks with the highest trading value, decliners included Resonac, Advantest, Ibiden, KOKUSAI ELECTRIC and Kioxia Holdings, while gainers included INPEX, Mitsui O.S.K. Lines, Tokio Marine, JT, Marubeni, Nintendo, Resona Holdings, Toyota, KDDI and Itochu.
US August CPI data are scheduled for release going forward, while next week will bring meetings of the US Federal Open Market Committee (FOMC) and the Bank of Japan's Monetary Policy Meeting, prompting notable investor activity aimed at assessing these developments.