The morning Nikkei average falls, dropping by more than 700 yen at one point, strengthening the reaction to the previous day’s rise | Reuters

TOKYO (Reuters) – In the morning Tokyo stock market, the Nikkei average fell by 641.97 yen from the previous business day to 37,818.11 yen. At one point, the decline widened to more than 700 yen. Amid concerns that U.S. long-term interest rates will remain high, selling in anticipation of a return has become predominant, in reaction to the sharp rise of 900 yen the day before.

U.S. stock futures in after-hours trading were weak, and there was a smoldering sense of caution that U.S. stocks would fall this evening. In addition to the announcement of the results of the Bank of Japan meeting tomorrow, there are several other important events coming up, including next week’s Federal Open Market Committee (FOMC) meeting and the Japan-US settlement of accounts, so one strategist at a domestic asset management company says that this is a “difficult situation”. .

The market has given up much of the previous day’s large gain, and some say that “volatility is becoming more likely to occur, led by futures, as trade is thinner than it was at one point” (Jun Morita, head of research at Chibagin Asset Management). It was. The weakness of mainstay large-cap stocks was noticeable compared to small- and medium-sized stocks.

While the dollar/yen exchange rate remained at the 155 yen level, the yen remained weak, and there was a smoldering sense of caution about foreign exchange intervention, and export-related stocks such as transportation equipment were weak.

TOPIX closed the morning session at 2,676.73 points, down 1.25%. The trading value on the TSE prime market was 1,981,868 million yen. All 33 industries on the TSE declined in price, with mining, transportation equipment, and electrical equipment leading the way.

Regarding the number of rises and falls in the TSE prime market, 339 stocks rose (20%), 1,268 stocks fell (76%), and 44 stocks remained unchanged (2%).

Our Code of Conduct: Thomson Reuters “Principles of Trust” New Tab opens new tab