The Nikkei Stock Average was trading around ¥100 lower than the previous day, turning lower in the morning amid concern over rising interest rates despite initial buying. Movements in U.S. markets and Nikkei futures influenced the market.
The Nikkei Stock Average was trading around ¥63,380, approximately ¥100 below the previous day, shortly after 10:17 a.m. on the 16th. At 9:10 a.m., it had fallen ¥215.38 to ¥63,268.72.
Although buying was dominant, concern over globally rising interest rates capped gains and the index turned lower. In the futures market, the yen-denominated settlement price for the Chicago Nikkei futures contract was ¥63,405.
By sector, 8 of the 33 sectors declined and 25 rose. Information and communications, pharmaceuticals and other products stocks were weak, while oil and coal products, mining, marine transportation and wholesale trade stocks were firm.
In the Tokyo foreign exchange market, as of 10:17 a.m., the dollar was trading in the low ¥155s and the euro in the low ¥179s.