The Nikkei Average was down ¥2,286 as of 1:50 p.m., marking a sharp decline. The steep fall in South Korean stocks is weighing on the Tokyo market.
The Nikkei Average was down ¥2,286 as of 1:50 p.m., with SoftBank Group, Tokyo Electron and Advantest among the leading negative contributors. Meanwhile, Mercari, Konami Group and Kikkoman stood out as positive contributors.
The decline in South Korean stocks is viewed as a factor that widened the Nikkei Average's loss and is weighing on Tokyo market prices. The 25-day moving average around ¥65,800 and the 75-day moving average slightly above ¥66,000 are also being watched as downside support levels for the Nikkei Average.
By sector, nonferrous metals, glass and ceramics products, machinery, banks and electric appliances posted the steepest declines, while pharmaceuticals rose.