Nikkei 225 Falls ¥93 as Growing US Rate-Hike Expectations Trigger Sharp Intraday Drop; Automaker and Bank Stocks Provide Support [Nikkei CNBC / Today’s Key Points, Tomorrow’s Hints]

The story

The Nikkei 225 fell ¥93, at one point recording a sharp decline. As trading progressed, the market fell further at times, with concerns taking precedence.

Reports that expectations for a US interest-rate increase had strengthened were cited as a factor, putting pressure on the broader equity market.

Automaker and bank stocks, however, supported the market, helping contain the overall decline at times. Market participants are watching how trading develops.

At a glance

IndicatorThe Nikkei 225 fell ¥93

FactorsThe decline was attributed to growing expectations of a US rate hike

NatureAutomaker and bank stocks supported the market

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