In the Tokyo stock market on the 2nd, sell orders emerged for many stocks following the approximately ¥2,200 rise in the Nikkei the previous day, sending stock prices lower. The morning close was down ¥630 from the previous day.
The Nikkei Stock Average entered a sharp correction on the 2nd, trading at around ¥630 below the previous day's close as of the morning. Investors increased profit-taking during the day's trading, and selling prevailed across many stocks.
The move was seen as a reaction to the approximately ¥2,200 rise in the Nikkei the previous day, putting selling pressure on the market as a whole. Declines were conspicuous among individual stocks, and the market-wide drop widened.
Market participants believe that the reaction following the short-term rebound has become apparent, and stock prices may continue to show volatile movements. Depending on daily news and the course of corporate earnings, further sharp fluctuations are also possible.
The article does not provide specific stock names or details of movements by individual stock, but reports that selling pressure strengthened overall.