On 16 September, the Nikkei Average seesawed around the previous day's close, ending the morning session down ¥88.10 at ¥63,396. The market remained under pressure from rising crude oil futures prices and high long-term interest rates, although a rebound following the decline was also evident.
The Nikkei Average (225 issues), traded on the Tokyo Stock Exchange, seesawed around the previous day's close. It ended the morning session exactly at ¥63,396, down ¥88.10 from the previous day, and remained slightly lower.
Rising crude oil futures prices and high long-term interest rates were cited as factors weighing on the market. As a result, some AI-related and semiconductor-related stocks were sold, while oil and bank stocks attracted buying orders, partly reflecting a rebound after the market had fallen for 3 consecutive trading days through the previous session.
In response to market movements, investors are closely watching developments in each sector, and the Nikkei Average's range of movement is varying depending on trends in crude oil prices and interest rates, as well as movements in financial and resource stocks. Future price movements may depend on whether these factors persist.