The Nikkei Average started ¥319.63 lower than the previous day at ¥65,557.99 at the 29th opening, and remained soft due to lower US stocks and the impact of the September ex-dividend adjustment.
The Nikkei Average opened ¥319.63 lower than the previous day at ¥65,557.99 on the 29th, and remained soft after the Dow Jones Industrial Average fell and the Nasdaq Composite declined in the previous day's US trading. The Tokyo market began trading with the gap lower still intact, also affected by the September ex-dividend adjustment. The yen-denominated settlement value of Nikkei 225 futures in Chicago was ¥65,785, up ¥125 from the previous day.
In the foreign exchange market, as of 9 a.m., USD/JPY was generally in the low ¥157 range and EUR/JPY was in the high ¥179 range. There is also speculation that stock-price volatility could continue in response to developments in Japan and overseas. Although conditions are not at a point where the sense of a broad-based market decline is intensifying, buyers are expected to remain on the sidelines.
As relevant background, the Dow fell as expectations for a ceasefire in the US market receded, with the Nasdaq also affected. Japanese stocks are expected to remain susceptible to the ex-dividend adjustment and movements in US stocks, keeping attention focused on trading developments ahead.