The Nikkei Average was around ¥260 below the previous day's level on the morning of the 16th, with Mercari, Otsuka Holdings and Sumitomo Pharma among the biggest decliners among constituent stocks. The dollar-yen pair moved into the upper ¥155 range.
The Nikkei Average traded around ¥260 below the previous day's level. Although buying emerged at times in the morning, concerns over rising global interest rates capped gains, and the index fell to 274.18 points below the previous day at 10:56 a.m. Trading remained soft during the day, and while the yen weakened during the morning, the market generally continued to trend lower.
The biggest decliners among Nikkei Average constituent stocks included Mercari, Otsuka Holdings, Sumitomo Pharma, Kioxia and SoftBank Group. The biggest gainers included Idemitsu Kosan, ENEOS, INPEX, Mitsui Chemicals and Mitsubishi Chemical Group.
The dollar-yen pair was generally in the mid-¥155 range, with the yen weakening from its levels earlier in the morning. Against a backdrop of global interest-rate trends and geopolitical risks, the market may have been experiencing repeated short-term fluctuations.
The stock information website identified as the provider was Wealth Advisor, which reported on movements in the Nikkei Average and its constituent stocks in a timely market update.