Nikkei Falls 396 Points as Ex-Dividend Drop and Rate Fears Weigh
Tokyo stocks fell on September 29, with the Nikkei 225 closing at 65,481, down 396 points, as the market adjusted for September interim dividends and investors remained cautious over high Japanese bond yields, a weak yen, oil prices and profit-taking after the recent rebound. (News On Japan)
The Nikkei 225 fell 396 points to close at 65,481 on September 29, as investors adjusted for September interim dividends and remained cautious about high Japanese bond yields, a weak yen, oil prices, and profit-taking following the recent rebound. The broader TOPIX declined 1.72% to 4,041.13, primarily due to dividend adjustments and selling in value, financial, resource, and cyclical shares.
The ex-dividend effect, which pushed the Nikkei down by about 380 yen, explained a significant portion of the index's drop, but the weak breadth indicated that investors were also reducing exposure across many sectors.
Brief written by urgent.news from News On Japan's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
