The Nikkei Average fell to a level approximately ¥1,930 below the previous day's close, with selling leading from the morning. Kyowa Kirin, Sumitomo Metal Mining and Mitsubishi Materials were among the top decliners in the index.
The Nikkei Average was trading around ¥1,930 below the previous day's close in the 11 a.m. hour on the 2nd, with selling leading from the morning. Middle East geopolitical risks and concerns about rising interest rates weighed on the market, and the daily downtrend continued. In foreign exchange, the dollar continued to trade in the ¥160-per-dollar range.
Among Nikkei Average constituents, Kyowa Kirin, Sumitomo Metal Mining, Mitsubishi Materials, Mitsui Mining & Smelting and Mercari were among the top decliners. Top gainers included Sumitomo Pharma, Shionogi, Daiichi Sankyo, Mitsui O.S.K. Lines and 7&i Holdings.