The Tokyo stock market fell across the board on the 2nd, with the Nikkei average closing down for a third straight day at ¥64,325.64. Higher oil prices and rising long-term yields weighed on the market.
The Tokyo stock market fell across the board on the 2nd, with the Nikkei Stock Average ending at ¥64,325.64, down ¥1,889.70 from the previous day. Its closing level fell below ¥65,000 for the first time in about a month.
Rising crude oil futures prices and higher US long-term interest rates spilled over from US markets, while Japan's long-term interest rate also reached the 3% range. Many stocks listed on the TSE Prime Market fell, particularly AI and semiconductor-related stocks.
The Tokyo Stock Price Index, or TOPIX, fell 100.26 points to 4,081.60, declining for the first time in 10 trading days.
There was a view that higher oil prices and rising long-term interest rates were weighing on the Nikkei average.