The Nikkei 225 fell for the 2nd straight session on the Tokyo market on the 9th, trading around ¥500 below the previous day's level. Concerns over worsening tensions in the Middle East and turmoil in U.S. markets increased selling pressure across the stock market.
The Nikkei 225 opened lower for the 2nd straight session in the morning session of the Tokyo stock market on the 10th, at one point extending its decline to the low ¥64,600 range, more than ¥500 below the previous day. The fall in the three major U.S. stock indexes against a backdrop of worsening tensions in the Middle East spilled over into the Japanese market.
In the U.S. market, the Dow Jones Industrial Average fell for the 3rd straight day, closing around $405 below the previous day at $52,380. A series of attacks and retaliatory exchanges by the U.S. military dampened investor sentiment.
Crude oil prices rose as tensions escalated in the Middle East, with front-month WTI October futures briefly climbing to the upper-$96 range. U.S. long-term interest rates briefly reached 4.85%, their highest level since November 2023, also affecting the domestic market.
The Tokyo market's TOPIX stock index also fell for the 2nd straight day. Among individual stocks, Fast Retailing, Tokyo Electron and Fujikura declined, as did Nintendo and Bandai Namco Holdings, while Recruit and Panasonic Holdings rose.