In the Tokyo Stock Exchange stock market on the morning of the 2nd, the Nikkei Average fell sharply, at one point losing more than 800 points, and closed the morning session down ¥630.00 from the previous day. Higher crude oil futures prices also weighed on the market, spreading selling across the broader market.
The Nikkei Average fell on the Tokyo stock market on the morning of the 2nd, at one point recording a sharp decline of more than 800 points. Selling intensified as investors focused on elevated valuations following the gains through the previous day.
The morning close was down ¥630.00 from the previous close at ¥68,326.72, while the Tokyo Stock Exchange’s TOPIX fell 42.72 points to 4,089.26.
Some AI-related and semiconductor-related stocks were sold, contributing to the decline in the broader market. In addition, reports that the US would send additional carriers and troops to the Middle East pushed up oil prices and raised inflation concerns, cooling investor sentiment.