Long-term interest rates briefly rose to 3.015%, sending the Tokyo stock market into a sharp decline. The Nikkei Average fell by about ¥1,889 in trading on the 2nd.
Long-term interest rates briefly rose to 3.015%, and the resulting rise in rates is believed to have worsened market sentiment. Tokyo stocks saw heavy selling that day, with major stock indexes strengthening their downward trend.
The Nikkei Average was down about ¥1,889 from the previous day on the afternoon of the 2nd, at one point showing a decline of more than ¥1,900 during trading hours. The impact of interest rate trends was cited as an external factor, and market volatility increased.
Investors are focusing on the direction of long-term interest rates and the pace of rate increases. The outlook for interest rates and the impact of monetary policy are expected to remain key areas of focus.