The Nikkei Average closed lower for a second straight session on the 29th, with weakness in U.S. stocks and rising interest rates seen as selling factors. Investors are watching for the market's next move.
On the 29th, the Nikkei Average closed lower for a second straight session. Selling spread during trading hours, and share prices moved lower from the previous day amid developments in related markets, weakening investor sentiment.
The main factors cited were declines in U.S. share prices and rising interest rates. These factors spilled over into the Japanese market, reportedly strengthening risk-averse trading.
Across the broader market, reports indicated that selling spread to Japanese equities against the backdrop of weaker U.S. stocks. Interest rates continued to be a focus of market attention.
Movements in other major indexes were also reported, but the Nikkei Average remained the focus, with conditions in the U.S. market and interest-rate movements cited as external factors affecting trading.