Tokyo stocks edged lower as expectations of a U.S. rate hike weighed on the market. The Nikkei average stood at ¥66,311.93 at the close, down ¥93.63 from the previous day, with dip-buying narrowing the decline.
The Nikkei average closed at ¥66,311.93, down ¥93.63 from the previous day, marking a slight retreat. Although expectations of a U.S. rate hike dampened investor sentiment, dip-buying provided support after the initial selling subsided.
TOPIX extended its winning streak to 8 sessions, closing at 4,156.29. Trading volume reached 2.67487 billion shares, while trading value totaled ¥9.3583 trillion.
Declining issues outnumbered advancing issues, with 41% of issues falling and 57% rising. By sector, marine transportation, air transportation and machinery declined, while mining, electricity and gas, and oil and coal products advanced.
The Standard market was also soft, while both segments of the Growth market declined.