Nikkei average opens sharply lower for second straight session as higher rates weigh; TOPIX starts lower for first time in 10 sessions

The Nikkei 225 opened at ¥65,195.43, down 1.54% from the previous day’s close. TOPIX also opened lower for the first time in 10 sessions, amid growing views that the global upward trend in interest rates had cooled market sentiment.

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The story

The Nikkei 225 started the session at ¥65,195.43, down 1.54% from the previous day’s close.

TOPIX opened lower for the first time in 10 sessions.

Some market participants attributed the increased selling pressure to concerns over the global upward trend in interest rates.

At a glance

Nikkei levelOpened at ¥65,195.43, down 1.54% from the previous day’s close

TOPIX trendsOpened lower for the first time in 10 sessions

Background factorsThe global upward trend in interest rates weighed on sentiment

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