The Nikkei average temporarily fell 4%, causing a deterioration in investor sentiment due to concerns about the US economy, including semiconductors, which led to a general decline in the Tokyo Stock Exchange.
Last updated: September 4, 2024, 12:12 JST (excerpt)
On the 4th, the Tokyo stock market experienced a significant decline, with the Nikkei average stock price temporarily dropping by more than 4%. The August Institute for Supply Management (ISM) Manufacturing Purchasing Managers' Index (PMI) fell below market expectations, causing investor sentiment to cool down due to concerns about the US economy. The strengthening of the yen in the foreign exchange market also weighed on the market, leading to a decline in all 33 industries on the Tokyo Stock Exchange.
The morning closing price of the Tokyo Stock Price Index (TOPIX) was 2.8% lower at 2657.58 compared to the previous day.
The Nikkei Stock Average fell 3.3% to 37,405.59 yen.
Both recorded the largest intraday decline since August 5, when global financial markets experienced significant volatility.
On the 4th, the Tokyo stock market experienced a significant decline, with the Nikkei average stock price temporarily dropping by more than 4%. The August Institute for Supply Management (ISM) Manufacturing Purchasing Managers' Index (PMI) fell below market expectations, causing investor sentiment to cool down due to concerns about the US economy. The strengthening of the yen in the foreign exchange market also weighed on the market, leading to a decline in all 33 industries on the Tokyo Stock Exchange.
The morning closing price of the Tokyo Stock Price Index (TOPIX) was 2.8% lower at 2657.58 compared to the previous day.
The Nikkei Stock Average fell 3.3% to 37,405.59 yen.
Both recorded the largest intraday decline since August 5, when global financial markets experienced significant volatility.
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