On the 28th, selling prevailed in CME Nikkei 225 futures, with the December contract ending at ¥65,785, down ¥670 from the previous day. Higher oil prices and rising long-term interest rates weakened US stocks, bringing selling pressure to Nikkei 225 futures as well.
On the 28th, Nikkei 225 futures on the Chicago Mercantile Exchange (CME) ended lower. The December Nikkei 225 futures contract settled ¥670 below the previous day's level.
The Nikkei 225 also declined that day, with selling spreading to the futures market in line with weakness in US stocks.
The continued rise in oil prices and higher long-term interest rates were cited as the backdrop, with the latter believed to have weighed on investor sentiment.