On the 8th, the yen strengthened and selling spread across export-related stocks, sending the Nikkei Average down by more than ¥1,100. The market closed approximately ¥1,100 lower than the previous day, while investors once again focused on trends in the yen exchange rate.
On the 8th, selling orders spread across export-related stocks as the yen strengthened, weakening the tone of trading on the Tokyo stock market. The Nikkei Average fell from the previous day.
The Nikkei Stock Average ended trading at a closing level approximately ¥1,100 lower than on the 7th. It was reported that the yen's continued appreciation heightened selling pressure as investors selected stocks.