Midmorning Sentiment: Points and Monday

midmorning sentiment: The market took a dive right after the opening bell and sank deeper, forcing the Nikkei to suffer a loss of some 340 points around midmorning, according to The Japan Times. Sentiment was dampened by tumbles in all three major U.S. market indicators, including the Dow Jones Industrial Average, on Monday following the Institute for Supply Management's release of a dismal U.S. manufacturing index reading for November, brokers said. The Nikkei 225 average fell 149.69 points, or 0.64 percent, to end at 23,379.81 after advancing 235.59 points Monday. ; The Topix, which covers all first-section issues on the Tokyo Stock Exchange, finished down 7.76 points, or 0.45 percent, lower at 1,706.73 following a 15.13-point rise Monday. Tokyo stocks were hit as well by anxieties over the state of the U.S. economy, they noted. Chihiro Ota, general manager for investment research and investor services at SMBC Nikko Securities Inc., pointed out that investors' disappointment at the key U.S. manufacturing index, which indicated a deepening production slump, was big. Both the Nikkei and Topix, however, cut their losses thanks to buying on a dip and buybacks later in the morning and resisted dropping further in the afternoon helped by buying stemming from Chinese stocks' resilience. (news.financializer.com). As reported in the news.