The Nikkei average fell for the first time in 3 trading days on the Tokyo Stock Exchange, closing at ¥65,269.33, down ¥1,130.51 from the previous day. Selling spread, particularly among export-related stocks, as the yen appreciated rapidly.
The Nikkei Stock Average (225 issues) fell ¥1,130.51 from the previous day to ¥65,269.33 on the 8th in the Tokyo stock market, marking its first decline in 3 trading days. The TOPIX fell 75.47 points to 4,050.33. Stocks were sold, particularly export-related issues. Uncertainty over the outlook for the situation in the Middle East also weighed on the market.
The move was driven by a rapid appreciation of the yen against the US dollar in the foreign exchange market, with more than 70% of TSE Prime-listed stocks declining. This put downward pressure on issues including export-oriented automakers.
Market participants are focused on the yen's appreciation and uncertainty over the situation in the Middle East, and caution is spreading over the market's future direction.