The Nikkei Average ended 1,889.70 points lower at 64,325.64 as more than 90% of stocks were sold amid concerns over rising long-term yields.
The Nikkei Average ended at 64,325.64, down 1,889.70 from the previous day. Market sentiment in Japan is believed to have deteriorated against the backdrop of interest-rate trends in the United States and China.
Selling spread across the market, with more than 90% of stocks falling, intensifying downward pressure across the broader market. Rising long-term yields are seen as having dampened investor sentiment.
Sharp declines were seen across sectors in today's trading, and the TSE 33-sector trend was lower across all sectors. Trading may have remained unstable, particularly among defensive stocks.
Looking ahead, the next trading day is expected to remain volatile in response to movements in long-term yields and the U.S. market, requiring investors to remain focused on risk management.