On the Tokyo stock market on the 28th, the Nikkei Stock Average, which had been at a new high for three consecutive business days, closed with a slight decline.
▽The Nikkei Stock Average's closing price on the 28th was 39,208.3 yen, 31.49 yen lower than the previous day's closing price.
▽TSE Stock Price Index = Topics decreased by 3.51 to 2,674.95.
▽The daily trading volume was 1,852.37 million shares.
High-ranking Federal Reserve officials made a series of statements on the 28th. What impact will this have on the Japanese and U.S. markets?
The Nikkei Stock Average had been rising for three consecutive business days since February 22, when it hit a new all-time high for the first time in 34 years, and there was growing interest in whether it would make a new record on the 28th.
In the morning trading, there was a noticeable movement to lock in profits, with sell orders being placed on semiconductor-related stocks that have supported the rise in stock prices to date.
In the afternoon, there was a move to buy back stocks that had fallen in price, but in the end the market closed slightly lower, and the Nikkei Stock Average did not reach a new record high for four consecutive business days.
One of the factors that will influence future stock price trends is the timing of interest rate cuts by the US central bank, the Federal Reserve.
A series of high-ranking Federal Reserve officials are scheduled to make statements on the 28th local time, and attention will be focused on how their statements will affect the Japanese and U.S. markets.