The Nikkei Average in Tokyo fell more than 2,500 points at one point. Semiconductor stocks dragged down the market as the U.S. September CPI exceeded market expectations, heightening caution over expectations of a rate hike and rising long-term interest rates.
The Nikkei Average fell more than 2,500 points at one point in Tokyo trading today. After the U.S. September consumer price index rose more than market expectations, expectations of a near-term rate hike temporarily intensified, and long-term interest rates also rose.
Concerns over the impact of rising interest rates on AI investment also grew, and declines in semiconductor-related stocks in the New York market on the 14th affected the Japanese market.
In Tokyo, sell orders for semiconductor-related stocks swelled immediately after trading began, and declines in related stocks became a factor weighing on the market as a whole.