After the US consumer price index exceeded market expectations, the Nikkei Stock Average plunged shortly after the market opened, falling more than 2,200 points at one point. It fell below 66,000, and selling spread among AI and semiconductor-related stocks.
The Nikkei Stock Average plunged shortly after the market opened, with the decline exceeding 2,200 points at one stage and the index falling below 66,000.
The index entered the 65,000 range for the first time in about 2 weeks since 29 September. The US consumer price index released in the US market exceeded market expectations, raising concerns about higher interest rates. Selling spread, centered on AI and semiconductor-related stocks.
Trading continued in the Tokyo market in response to these developments, and the market remained volatile during the session.
Market participants pointed to the possibility that higher interest rates and instability in the Middle East could weigh on share prices.