The Nikkei Average started the afternoon session down ¥325 from the previous day and fell to around ¥61,862.89. Marine transportation, mining and nonferrous metals were among the sectors showing notable declines, while real estate, transportation equipment and rubber products were among the gainers.
At the open of the afternoon session, the Nikkei Average stood at ¥61,862.89, down ¥325.74 from the previous day, starting slightly below the morning close. During the lunch break, Nikkei 225 futures continued to trade within a range, while dollar-yen moved around the ¥157.9 level.
Across the market, sector performance diverged, with marine transportation, mining and nonferrous metals among the biggest decliners and real estate, transportation equipment and rubber products among the biggest gainers.
Ibiden was cited as a decliner among the stocks with the highest trading value, while other stocks continued to show mixed movements, including both gains and declines. In the afternoon session, caution following the U.S. midterm elections made investor sentiment more cautious, although there was also speculation that movements in Dow futures were providing some reassurance.
Following the day’s developments, selling was somewhat dominant in the afternoon opening compared with the morning session, but investors overall appeared to be closely watching short-term price movements.