The Tokyo market extended its sharp decline from the opening, with the Nikkei Average beginning trading at ¥60,374, down ¥703 from the previous day. The sharp fall in U.S. technology stocks is reported to have prompted selling by investors.
At the opening of the Tokyo stock market on the 6th, the Nikkei Average fell ¥703 from the previous day to ¥60,374, marking another sharp decline, with selling dominating from the start of the session. The market as a whole was reported to be continuing in a downtrend.
The move was attributed to selling pressure in U.S. technology stocks spreading to the Japanese market. Risk aversion among investors intensified, and selling was said to have increased at the open.
The market's subsequent direction is expected to depend on developments in U.S. markets and changes in broad risk factors, with attention focused on trading after the open.