The Nikkei 225 was ¥1,043 lower than at the end of the previous week in the Tokyo stock market on the morning of the 31st, ending the session at ¥65,361. Long-term interest rates rose following hawkish remarks from the Federal Reserve, and selling spread, particularly among AI and semiconductor stocks.
The Nikkei 225 fell sharply in the morning session on the 31st, ending ¥1,043 lower than at the end of the previous week at ¥65,361. The decline temporarily exceeded ¥1,500.
Long-term interest rates rose on expectations of further US rate hikes following remarks by the Federal Reserve chair, and selling spread, particularly among growth stocks. The move also poured cold water on AI and semiconductor stocks, which had attracted renewed buying after last week's earnings announcement from Nvidia.