Against a backdrop of concern over US interest rates and weakness in semiconductor stocks, the Nikkei Average temporarily recorded a decline of more than ¥3,600. There were also reports that profit-taking sales spread ahead of the earnings announcement from semiconductor giant TSMC.
The Nikkei Average widened its decline in afternoon trading on the Tokyo stock market today, temporarily falling by more than ¥3,600.
Market views indicated that selling in semiconductor stocks prevailed as concern over the direction of US interest rates intensified. There were also comments that investors engaged in profit-taking sales immediately ahead of the earnings announcement from semiconductor giant TSMC.
In a breaking report, US September consumer prices were reported to have risen 3.7% year on year, exceeding market expectations.