Selling is expected to lead in Japan after US tech stocks fell, with attention focused on the Nikkei Average and today’s expected trading range. Investors are watching for the next developments in light of price movements in major markets.
Selling led the market in response to weakness in US tech stocks. The Nikkei Average closed at 69,042.11, down 993.60 from the previous day, or 1.42%.
In the US market, the Dow Jones Industrial Average in New York closed at 51,231.64, up 51.77 from the previous day, or 0.10%. The Shanghai Composite Index stood at 3,842.19, up 11.74 from the previous day, or 0.31%.
In foreign exchange markets, USD/JPY traded around ¥158. Alongside the current range, developments within today’s expected range have been identified as an area of interest for market participants.