Japanese stocks are expected to extend their decline on the 29th against a backdrop of persistently high crude oil prices and rising long-term U.S. Treasury yields, while the ex-dividend adjustment for March and September year-end dividends is also expected to weigh on the market. According to Bloomberg data, the adjustment is expected to weigh on TOPIX by approximately 35.7 points and on the Nikkei 225 by approximately ¥384.
Japanese stocks are expected to face continued pressure on the 29th, with crude oil futures remaining high and long-term U.S. Treasury yields continuing to rise. Uncertainty surrounding the Middle East situation has been cited as a contributing factor.
The ex-dividend adjustment is one of the factors cited as affecting the market as a whole. Bloomberg data estimates that it will weigh on the Tokyo Stock Price Index (TOPIX) by approximately 35.7 points and on the Nikkei 225 by approximately ¥384.
Hideyuki Ishiguro (石黒 英之), chief strategist at Nomura Asset Management, is said to have expressed a view explaining the factors weighing on the market. Greater risk sensitivity is being observed as high crude oil prices coincide with rising interest rates.