In the Tokyo stock market on the 29th, the Nikkei 225 fell for a second straight session, closing at ¥65,481.27, down ¥396.35 from the previous day. A broad range of stocks was sold amid rising interest rates in the U.S. market, and TOPIX also fell sharply.
In response to the rise in long-term interest rates in the previous day’s U.S. market on concerns about inflation accompanying higher crude oil prices, and broad declines in U.S. stock indexes, a wide range of stocks was sold in Tokyo. The Nikkei 225 fell for a second straight session and extended its losses throughout the day.
In afternoon trading, selling for cash-conversion purposes stood out after the trading date carrying dividend rights had passed, and the Nikkei 225 briefly fell by more than ¥1,100.
The Tokyo Stock Price Index (TOPIX) fell 70.87 points to 4,041.13.
Following the day’s market action, attention is focused on further developments in the Nikkei 225 and the overall market direction.