The Nikkei Stock Average ended trading in Tokyo on 15 October at ¥64,425, down ¥3,318 from the previous day and recording its third-largest decline on record. It briefly fell more than ¥3,600.
The Nikkei Stock Average ended trading on the Tokyo Stock Exchange on Thursday, 15 October, at ¥64,425, down ¥3,318 from the previous close. The decline is considered the third-largest on record.
Selling orders were heavy in AI-related and semiconductor stocks, weighing on share prices.
The US Consumer Price Index for September was announced the same day, showing a 3.7% year-on-year increase. Views that expectations for interest-rate hikes would strengthen became more widespread, affecting the Japanese market as well.
Some observers said declines in major US stocks prompted similar selling in Japan, with the impact spreading across the Japanese market.
The decline was said to have occurred amid growing concern over deteriorating prospects for AI-related companies, drawing attention to the market outlook.