Tokyo equities extended their decline at the morning close, as the market was unable to hold on to the momentum from gains in US technology stocks and searched for a bottom. The Nikkei 225 fell to 64,243.29, trading approximately ¥673 lower than the previous day.
The Nikkei 225 traded at 64,243.29, down 673.41 points from the previous day, showing continued downward momentum. During the morning session, the decline in SoftBank Group was a factor weighing on the market as a whole.
The TSE's 33-sector trend was broadly lower, with 7 sectors rising and 26 falling. Risk aversion in response to US equity-market developments continued across the market.
SoftBank Group was cited as one of the stocks responsible for the decline, with its fall contributing approximately ¥206 to the overall drop.