The Nikkei 225 fell for a second consecutive day, weighed down by credit concerns surrounding CoreWeave and rising interest rates in Europe and the United States. The index closed sharply lower from the previous day, prompting increased caution over related stocks.
The Nikkei 225 closed down ¥841 at ¥64,075, with approximately 70% of Prime Market stocks declining. Weakness across the broader market and increasingly challenging funding conditions were in focus.
Long-term interest rates in France rose, with fiscal concerns and inflation fears cited as factors behind a renewed outbreak of demonstrations. This heightened caution over global interest-rate trends.
The 20-year bond auction was strong, with the bid-to-cover ratio reaching a record high of 5.84 times. Expectations of lower interest rates were seen as a factor behind declines in bank stocks.
Among individual stocks, Fast Retailing rebounded for the first time in 3 days, while Uniqlo announced average price increases for its autumn and winter products. Alinco reported a 12% increase in operating profit and a 2.4% decline in net profit for the April-September period, with higher construction equipment rental fees contributing to earnings.