The Nikkei 225 is expected to fall about ¥1,100 from the previous close in Tokyo trading on the 10th, with downside support seen at around ¥64,000. Concerns about deteriorating conditions in the Middle East, along with rising U.S. long-term interest rates and higher oil prices, are cited as the main factors.
The Nikkei 225 is expected to trade below its previous close of ¥65,142 in Tokyo trading on the 10th. Along with concerns about deteriorating conditions in the Middle East, higher oil prices and rising U.S. long-term interest rates are considered likely to prompt selling across a broad range of stocks. The Nikkei 225's downside is seen at around ¥64,000.
In U.S. trading on the 9th, the Dow Jones Industrial Average fell $405 from the previous day to $52,380, its lowest level since late July. The report notes that weakness in U.S. markets is expected to affect Japanese trading as well.
The article explains that higher oil prices and rising U.S. long-term interest rates are acting as selling catalysts, intensifying downward pressure on the Nikkei 225. Market participants are watching developments in the Middle East and U.S. monetary trends.
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