The Nikkei 225 continued to fall in Tokyo trading on the 8th, closing at ¥69,042, down ¥993 from the previous day. Rising US long-term interest rates and information related to TOPIX served as market cues, and declines were prominent across stocks.
The Nikkei 225 continued to fall in Tokyo trading on the 8th, closing at ¥69,042, down ¥993 from the previous day. Selling intensified as the market followed declines in US tech stocks.
Stocks, led by semiconductor shares, fell amid concerns over rising interest rates worldwide. Information related to the Tokyo Stock Price Index, TOPIX, released the previous day was said to have served as a trading cue for the following day's session.
In the US bond market on the 7th, long-term yields rose, with the yield on the US 10-year Treasury temporarily reaching 5.36%, its highest level since April 2002. This further heightened caution in the Japanese market.
Amid the market movements, there was speculation that the overall downward trend would continue, although individual stocks moved differently.