The Nikkei 225 fell sharply at the open, with its decline exceeding ¥1,800 at one point. The market as a whole is experiencing a sell-off amid the weaker yen, rising long-term interest rates and higher crude oil prices, creating the appearance of a triple sell-off.
The Nikkei 225 fell from the opening, with more than 90% of stocks declining and the index falling below the ¥65,000 mark.
Long-term interest rates rose into the 3% range for the first time in 30 years amid expectations of higher interest rates, while crude oil futures prices are also rising due to developments in the Middle East.
In the foreign exchange market, the dollar is being bought as investors turn risk-averse, and the trend toward a weaker yen is continuing. Market participants noted that “there are no factors supporting the market today.”