Japan's Nikkei stock index experienced significant declines, influenced by rising long-term interest rates and weak performance on Wall Street. On Thursday morning, the Nikkei dropped more than 800 points and fell below 38,000. By the end of the day, the index had reached a one-month low, down 2%. The Hang Seng index also saw a decline of nearly 2%. The downturn in Japanese stocks was primarily driven by concerns over increasing Japanese Government Bond (JGB) yields and the broader impact of higher interest rates. Nikkei futures were down 1.14%.
Japan’s Nikkei Ends at One-Month Low as Wall Street, Higher Yields Weigh https://t.co/jwjoIrOVyc
Nikkei stock index falls to 1-month low on Japan rate rise concerns https://t.co/0JWjOj2Vkw
Japan’s Nikkei Sinks below 38,000 as Wall Street, Higher Yields Weigh https://t.co/jwjoIrPtnK
Nikkei down 2% in morning on weak Wall St., interest rate concerns https://t.co/b5MEnUxbNm
Nikkei Stock Average Drops More Than 800 Points on Thursday Morning https://t.co/ledelTSBSn
JAPAN'S NIKKEI AVERAGE FUTURES DOWN 1.14%
Nikkei and Hang Seng both almost down 2%. https://t.co/LAKVMXvlCr
Japan’s Nikkei Sheds Early Gains amid Rising JGB Yields https://t.co/YipjjJ45TD
Tokyo stocks end down on concern over rising long-term rates in Japan https://t.co/UrgOybDo3k
Japan’s Nikkei Slips as Investors Eye BOJ Rate Hike Timing; Chips Slide https://t.co/T2ZUcsJpCO