The Nikkei Stock Average closed ¥3,318.34 lower at ¥64,425.95, while interest rates temporarily rose amid the impact of US CPI and the market remained on a downward trend.
The Nikkei Stock Average closed at ¥64,425.95, down ¥3,318.34 from the previous day. The article provides breaking news and commentary on price movements at the open and close each day.
A drop of more than ¥3,500 was cited as a major factor behind the decline, with the sharp fall in semiconductor stocks said to have driven the broader market lower.
The temporary surge in interest rates following the release of US CPI was reported to have worsened investor sentiment and strengthened selling pressure.
While Ryohin Keikaku reached a new all-time high at one point, reports indicated that demand for "slightly better goods" remains resilient despite higher prices.
Attention also turned to cruise-related developments after it was reported that OLC's cruise ship had been named "Disney Imagination." The stated price starts at ¥100,000.