The Nikkei Stock Average fell ¥993.60 from the previous day to ¥69,042.11 in the Tokyo stock market on the 8th, falling below the ¥70,000 level for the first time in 3 days. Following declines in the U.S. market, stocks broadly came under selling pressure.
In the wake of falling stocks in the U.S. market, a wide range of issues were sold in Tokyo, sending the Nikkei average down more than 1%. Long-term U.S. interest rates again approached high levels amid persistent inflation concerns, while declines in technology stocks, including AI-related and semiconductor issues, weighed on the broader market.
The Nikkei average briefly exceeded ¥70,000 on the 6th, but fell below that level for the first time in 3 days, closing at ¥69,042.11, down ¥993.60 from the previous day, or -1.42%. The Tokyo Stock Price Index (TOPIX) fell 62.65 points to 4,091.46.
There was also speculation that investors had become more risk-averse amid caution over the previous day's overseas market moves and the outlook for domestic corporate earnings, but the article does not identify specific catalysts for individual stocks.