The Nikkei Average traded ¥176 lower during the 2 p.m. hour. With U.S. economic data and comments from Federal Reserve officials set to be the market's focus, the downside is reportedly firm.
The Nikkei Average was ¥176 lower as of 14:50. In terms of contributions to the Nikkei Average, Fast Retailing, Advantest and Ibiden were the top negative contributors, while SoftBank Group, Mitsubishi Corporation and Nitori Holdings were the top positive contributors.
By sector, Mining, Nonferrous Metals, Foods, Electric Appliances and Rubber Products were among the top decliners, while Oil & Coal Products, Marine Transportation, Wholesale Trade, Electric Power & Gas, and Iron & Steel were among the top advancers.
In U.S. markets, the July trade balance, weekly initial jobless claims and the August ISM Services Index are scheduled for release tonight. Federal Reserve Governor Waller is scheduled to attend an event, while Cleveland Fed President Hammack is expected to deliver remarks at a Fed-hosted event.