In the Tokyo stock market on the 8th, the Nikkei Stock Average traded at a level ¥662 lower in the morning and closed at ¥69,373.40, down ¥662 from the previous day. The downward trend in technology stocks continued following the rise in U.S. interest rates.
The Nikkei Stock Average extended its decline in Tokyo trading on the 8th, with the morning close at ¥69,373.40, down ¥662 from the previous day. The decline briefly exceeded ¥800, and selling took the lead after technology stocks fell in the U.S. market.
Semiconductor stocks and others were sold amid concerns over rising interest rates worldwide, while information related to the Tokyo Stock Price Index (TOPIX) was used as a trading cue.
Long-term interest rates rose in the U.S. market, and the yield on the U.S. 10-year Treasury briefly reached 5.36%. This weighed on Japanese stocks and strengthened investors' risk-averse stance.