Stock price temporarily dropped by nearly 250 yen, then buyback movement October 29, 16:42
On the 29th, the stock price on the Tokyo Stock Exchange fell slightly.
The Nikkei Stock Average temporarily fell by nearly 250 yen due to investors' caution about the future of the world economy, but after that, there were movements to buy back mainly the stocks of companies with good performance.
The Nikkei Stock Average, the closing price on the 29th is 86.57 yen, cheaper than the 28th, 23,331.94 yen.
The Tokyo Stock Price Index = Topics fell by 1.62 to 1610.93, with daily trading volume of 1.012.37 million shares.
Market officials said, "The Nikkei Stock Average temporarily dropped by nearly 250 yen due to a sense of caution about the future of the world economy following the spread of the new coronavirus infection again in Europe. The rate of price decline has narrowed as there have been moves to buy back stocks that have fallen in price, centered on strong companies. "