The Nikkei Average fell sharply soon after trading began, with its decline temporarily exceeding ¥3,000. The move was driven by heightened concerns over higher interest rates after the U.S. Consumer Price Index exceeded market expectations.
The Nikkei Average fell sharply, with its decline widening soon after trading began, and fell below ¥65,000. At one point, the index recorded a decline of more than ¥3,000.
The U.S. Consumer Price Index exceeded market expectations, heightening concerns over higher interest rates and spreading selling, particularly in AI and semiconductor-related stocks.
The trend spread to the Tokyo market, and market participants said that interest-rate trends and instability in the Middle East could contribute to a difficult environment for share prices.