The Tokyo stock market edged lower as expectations of US interest-rate hikes weighed on sentiment. The Nikkei 225 ended down ¥93.63 from the previous day, narrowing its decline on dip-buying.
The Tokyo stock market edged lower on the 31st, with the Nikkei Stock Average ending down ¥93.63 from the previous day at ¥66,311.93. While expectations of US interest-rate hikes dampened investor sentiment, dip-buying after selling subsided helped limit the decline.
In market movements announced the same day, the TOPIX rose 9.58 points to 4156.29, extending its winning streak to 8 sessions. AI and semiconductor-related shares came under selling pressure at times, but dip-buying limited the market's overall decline.
Market participants cited speculation surrounding comments by Federal Reserve officials as a factor behind the selling. Buybacks toward the end of the session narrowed the Nikkei 225's decline. The report covers closing prices and market movements based on reports by Reuters.