The Nikkei Average continued to decline, closing at ¥66,215.34. Selling was prominent amid concerns over weak US stocks and rising long-term interest rates in Japan and the US.
The Nikkei Stock Average closed today at ¥66,215.34, down ¥96.59 from the previous day. The opening level and intraday movements included periods in which the market tested lower levels, but it weakened again toward the end of the session.
Against a backdrop of weak US stocks and uncertainty surrounding the situation in the Middle East, rising crude oil prices and heightened inflation concerns drove long-term interest rates higher, weighing on share prices. Investors remained on edge as they monitored interest rate trends in Japan and the US.
Among individual stocks, Kioxia, Taiyo Yuden and Murata Manufacturing were firm, while semiconductor manufacturing equipment stocks were generally weak. Several stocks ranked among the largest positive contributors to the Nikkei Average, while the stocks among the largest negative contributors also included display-related names.
Trading on the Tokyo market was estimated at 2.27826 billion shares, with trading value of ¥7.5016 trillion. TOPIX recorded its ninth consecutive advance and at one point approached its record high. The market's future direction is expected to be influenced by interest rate trends in Japan and the US and developments in the Middle East.]
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