The Nikkei fell to the mid-¥68,300 range as of 14:00 as investors increasingly stayed on the sidelines ahead of the US employment report. Trading value was approximately ¥5.4748 trillion, while price movements were subdued as the market awaited new catalysts.
Around mid-afternoon on 2 October, the Nikkei was trading approximately ¥600 below the previous day in the mid-¥68,300 range, with a lack of catalysts cited ahead of the US September employment report. Against a backdrop of concerns about developments after the US midterm elections, higher crude oil prices and rising interest rates, market participants believe that a risk premium could readily be added to long-term yields.
As of 14:00, trading value on the TSE Prime Market was approximately ¥5.4748 trillion and trading volume was approximately 1.522 billion shares.
Among individual stocks, Fast Retailing extended its losses, while SoftBank Group and Toyota were lower. Resonac extended its gains, and Advantest and Konami Group were bought.
The market lacked new trading catalysts and price movements were subdued. Attention is focused on the possibility that short-term trends could change depending on the employment report.