The Nikkei Average opened on the 26th at ¥62,449.96, down ¥243.20 from the previous weekend, and extended its losses after the open. Sentiment is expected to remain weak under the influence of lower U.S. equities.
The Nikkei Average opened on the 26th at ¥62,449.96, down ¥243.20 from the previous day, beginning a third straight declining session. In the U.S. equity market on the 23rd local time, the Dow fell for the first time in 4 sessions and the Nasdaq Composite extended its decline, while the SOX rebounded. The Nikkei Average widened its losses after the open as investors focused on the options settlement price.
In the Tokyo foreign exchange market, USD/JPY was reportedly trading in the upper ¥156 range and EUR/JPY in the upper ¥175 range. The Nikkei Average is expected to remain under pressure today due to lower U.S. equities, with sentiment likely to stay weak.
The yen-denominated settlement price for Nikkei futures was ¥62,640, down ¥270 from the previous weekend, and was expected to remain below the cash market's opening level. Market participants are expected to assess developments in the U.S. market while looking for signs of the market's next move.