The Nikkei Stock Average fell sharply from the previous day, with higher crude oil prices and rising long-term interest rates triggering a broad-based selloff. On the TSE Prime Market, 92% of stocks declined, while the TOPIX also extended its losses.
Tokyo stocks suffered a sharp decline for the second straight session, with the Nikkei Stock Average ending down 1889.70 yen at 64,325.64 yen. Higher crude oil prices amid worsening tensions in the Middle East and rising long-term interest rates weighed on the broader market, sending the TOPIX down to 4081.60.
By stock, 92% of issues declined, while advancers accounted for just 6%. Sector price indexes fell across all 33 sectors, with nonferrous metals, services, glass and ceramics products, electric appliances, transportation equipment and air transportation among the biggest decliners.
Trading volume was 2.41905 billion shares, and trading value was ¥8.0344 trillion. The Standard TOP20 on the Standard Market and the Growth Core and Growth 250 on the Growth Market also extended their declines.
In related markets, the decline in South Korea's KOSPI also weighed on the market. Specific future price movements and stock-by-stock developments are beyond the scope of this report.