Losses widened in the Tokyo stock market, with the Nikkei average briefly falling more than ¥800 in the middle of the morning session on the 8th. Profit-taking pressure and concerns over European public finances led to broad-based declines.
The Nikkei Stock Average briefly fell more than ¥800 from the previous day, with losses widening.
With interest rates remaining elevated globally amid concerns over European public finances and other factors, profit-taking selling prevailed across a broad range of stocks.
The market consequently saw broad-based declines, and risk-aversion strengthened.