The Nikkei 225 fluctuated in a narrow range during the morning, closing exactly ¥63,396, down ¥88. Rising crude oil futures prices and elevated long-term interest rates weighed on the market.
The Nikkei 225 moved narrowly around the previous day's close in Tokyo trading on the 16th. It stood at exactly ¥63,396 at the morning close, down ¥88.
Rising crude oil futures prices and elevated long-term interest rates weighed on the market, while some AI-related and semiconductor-related stocks were sold. At the same time, oil and bank stocks attracted buy orders, partly reflecting a rebound after three consecutive trading days of declines through the previous day.
Market movements were mixed across individual stocks, and the market as a whole lacked a clear direction. Selling pressure on AI and semiconductor-related stocks is expected to continue to some extent, although some buying-back activity was also seen.