The Nikkei Stock Average was down about ¥1,790 from the previous day during the morning session on the 11th, reaching the ¥63,200 range in early trading. Buying restraint has intensified amid risk aversion following developments in the U.S. market.
The Nikkei Stock Average was trading about ¥1,790 below the previous day’s level on the morning of the 11th, reaching ¥63,208.63 at 9:20 a.m. During the session, it was trading around ¥63,580.
In the U.S. market, concerns about inflation intensified against a backdrop of higher crude oil futures prices and rising interest rates, and the Dow Jones Industrial Average and Nasdaq Composite extended their declines to a fourth straight day. Selling led the market, particularly among semiconductor stocks, without any specific surprise factor.
By sector, 30 of the 33 sectors declined, while 3 rose. Nonferrous metals, electrical equipment and machinery stocks declined, while insurance, marine transportation and information and communications stocks remained weak.
In the foreign exchange market, the dollar was trading in the mid-¥154 range and the euro in the mid-¥179 range. News provided by ウエルスアドバイザー社.