The Nikkei 225 suffered a sharp reversal against the backdrop of lower U.S. stocks and higher crude oil prices the previous day. Rising long-term interest rates and deteriorating investor sentiment weighed on the market.
U.S. stocks continued to decline on the previous day, 10 September, with rising crude oil prices and expectations of higher long-term interest rates weighing on the market. The Nikkei 225 was down ¥994.13 at the start of trading on 11 September and extended its losses through the morning session, before paring them slightly in the afternoon. It remained weak throughout the day.
At the close, the Nikkei 225 was down ¥1,259.61 from the previous day at ¥64,011.34. Trading volume on the TSE Prime market was 2.37251 billion shares, while trading value was ¥8.7129 trillion. By sector, insurance, marine transportation, and transportation equipment rose, while nonferrous metals, electrical appliances, and oil and coal products declined.
Among individual stocks, 京セラ, コナミＧ, バンナムＨＤ, 豊田通商, ＫＤＤＩ, 東京海上, 第一三共, オリンパス, トヨタ, ホンダ, デンソー, スズキ, ＭＳ＆ＡＤ, 任天堂, and トレンド rose.
Meanwhile, アドバンテ, ソフトバンクＧ, 東エレク, キオクシアHD, イビデン, フジクラ, リクルートHD, ファーストリテ, レーザーテク, ＴＤＫ, スクリン, 村田製, 住友鉱, ディスコ, and ファナック declined. Reports from Yemen and movements in long-term interest rates further damaged investor sentiment.