The Nikkei fell for a fourth straight session on the Tokyo Stock Exchange, closing ¥111.16 lower than the previous day at ¥64,214.48. After briefly rebounding on the back of gains in U.S. stocks, it turned lower as concerns about rising interest rates spread.
The Nikkei, a key benchmark of the Tokyo Stock Exchange, fell for a fourth straight session, closing at ¥64,214.48. It traded ¥111.16 below the previous day's level.
The index initially rebounded, following gains in U.S. stocks, but selling later prevailed as concerns about interest-rate trends intensified, and it ended the session in negative territory.
The Nikkei's decline was apparently driven by investor concerns about interest-rate trends in the United States and economic and market conditions in Japan and overseas, which curbed appetite for buying.