The Nikkei average was temporarily down more than ¥700 in the middle of the morning session on the 29th, weighed down by ex-dividend trading and higher interest rates. It opened down ¥319.63 at ¥65,557.99, while semiconductor-related stocks saw bouts of buying.
The Nikkei average was temporarily down more than ¥700, with ex-dividend trading said to be pushing the index down by approximately ¥380.
Following developments in the previous day's US market, rising crude oil futures and growing inflationary pressure prompted caution, while higher interest rates weighed on stock prices.
At the open, the Nikkei average started down ¥319.63 at ¥65,557.99, while semiconductor-related stocks saw bouts of buying.