The Nikkei 225 stood at ¥68,326.72 at the morning close in the Tokyo stock market on the 2nd, down ¥630 from the previous day, as higher US interest rates prevented investors from fully adopting a risk-on stance.
The Nikkei 225 fell in the Tokyo market on the 2nd, with the morning close at ¥68,326.72, down ¥630 from the previous day. It had risen nearly ¥3,500 over the preceding 2 days, making profit-taking and other selling more likely.
The yield on the US 10-year Treasury note, a benchmark for long-term US interest rates, briefly reached 5.34%, reportedly its highest level in approximately 24 years since 2002. Concerns over rising interest rates are weighing on risk tolerance across the market.
Reports say that, against the backdrop of higher interest rates, investors continue to find it difficult to adopt a full-fledged risk-on stance.