The Nikkei 225 remained soft against a backdrop of lower U.S. stocks and expectations of an early Fed rate hike. It is expected to remain below the previous day's close, with around ¥66,500 seen as the downside level. The Dow ended down $374, while rising crude oil prices are also weighing on the market.
In Tokyo trading on the 1st, the Nikkei 225 remained soft and moved below the previous day's close. As crude oil prices rose and tensions surrounding the situation in the Middle East intensified, around ¥66,500 was seen as the likely downside level for the Nikkei 225.
In U.S. trading, the Dow Jones Industrial Average ended down $374 at $53,185. Caution continues to linger among investors following the previous day's market moves.
The view that expectations of an early Fed rate hike would weigh on investor sentiment was seen as influencing the broader market, with developments ahead remaining a focus for investors.