The Nikkei 225 extended its decline in Tokyo trading on the 9th, closing down ¥126.55 from the previous day at ¥65,142.78. Higher oil prices following an escalation in tensions in the Middle East and expectations that the Bank of Japan will accelerate the pace of interest-rate hikes weighed on the market. The index rose temporarily in the morning on buying in AI and semiconductor-related stocks, but the decline widened in the afternoon.
The Nikkei 225 extended its decline in Tokyo trading on the 9th. It closed down ¥126.55 from the previous day at ¥65,142.78.
Higher oil prices amid worsening tensions in the Middle East and expectations that the Bank of Japan will accelerate the pace of interest-rate hikes weighed on the market. The market rose in the morning on buying in some AI and semiconductor-related stocks, but the gains narrowed in the afternoon.
Market conditions weakened again in the afternoon, and the Nikkei 225 was down more than ¥200 at one point.
In the context of the news, the market's move indicates that rising energy prices and the outlook for monetary policy affected investor sentiment.