The Nikkei 225 plunged in Tokyo trading on the 15th, closing the morning session at ¥64,489.06, down ¥3,255.23. The acceleration in September US CPI revived expectations of a US rate hike, weighing on investor sentiment.
The Nikkei 225 plunged in morning trading on the 15th. The index closed down ¥3,255.23 at ¥64,489.06. The main factor was a renewed expectation of a US rate hike following the US consumer price index results, prompting investors to adopt a stronger risk-off stance. AI-related and semiconductor-related stocks were notably sold, leading the market lower.
US market movements also affected Japan. The Dow Jones Industrial Average in New York closed about $48 lower than the previous day, while the Nasdaq Composite Index fell about 511 points. As market conditions deteriorated in both markets, which have a high concentration of IT stocks, the Japanese market followed the same trend. Market participants are watching for the strength of risk aversion and potential volatility depending on companies' earnings results.