Against a backdrop of rising U.S. crude oil futures prices, long-term interest rates rose, and the Nikkei average closed down ¥396.35 from the previous day. The determination of entitlement to the September interim dividend also dampened investor sentiment.
The Nikkei Stock Average fell for a second straight session on the Tokyo Stock Exchange, closing down ¥396.35 from the previous day at ¥65,481.27. Rising long-term interest rates weighed on share prices, with inflation concerns stemming from higher U.S. crude oil futures prices cited as a factor.
The TSE Stock Price Index (TOPIX) also fell 70.87 points to 4,041.13, while trading volume was approximately 24.40155 billion shares. Rising long-term interest rates and the impact of the ex-dividend date were cited as factors dampening investor sentiment.
As supplementary context on market trends, developments in the United States and elsewhere and the impact of news were cited as short-term drivers of market volatility. Attention has shifted to the direction of interest rates and trends in demand.
The fact that entitlement to the September interim dividend was determined the previous day was also cited as a factor in investors' decisions.