The Nikkei 225 started the morning session on the 11th sharply lower, down ¥994.13 from the previous day at ¥64,276.82. Following declines in US stocks, concerns over higher oil prices and rising interest rates spread, with selling taking the lead.
The Nikkei 225 started the morning session on the 11th sharply lower, opening at ¥64,276.82, down ¥994.13 from the previous day. The downward trend in US stocks spread to the Japanese market, strengthening investors' risk-averse stance.
Selling led the market across a broad range of issues immediately after the opening. Market expectations grew that the impact of US stock declines, driven by higher oil prices and rising interest rates, would continue, and selling pressure was seen in individual issues as well.