Tokyo stocks fell broadly, with the Nikkei 225 down more than ¥1,900 at one point. The morning session closed at ¥64,473.16, as declines in U.S. markets and rising long-term interest rates weighed on market sentiment.
Tokyo stocks fell broadly on the 2nd, with the Nikkei 225 down more than ¥1,900 from the previous day's close at one point. The morning session closed at ¥64,473.16, down ¥1,742.18.
In the U.S. market, the Dow Jones Industrial Average fell $419.02 from the previous day, while the Nasdaq Composite also declined. Selling spread to the Tokyo market, led by AI-related and semiconductor stocks. More than 90% of stocks listed on the TSE Prime Market fell.
In the Tokyo bond market, the secondary-market yield on newly issued 10-year Japanese government bonds, a benchmark for long-term interest rates, rose to 3.015% at one point, sending bond prices lower. In the U.S. market, the 10-year Treasury yield rose to the 4.8% range, intensifying selling pressure on bonds.
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