The market opened higher, but after that was dragged down by selling pressure on profit-taking. |
The yen did not strengthen in light of the end of the ultra-loose monetary policy which provided comfort to market players. |
Uncertainties over how Toshiba will run the nuclear power business and its financing scheme for the acquisition prompted investors to sell. |
With some US quarterly results robust, expectations for Japanese firms' earnings results to be strong are also growing. |
Yesterday's (market) slump went too far so investors are targeting bargains. |