[Japan Market Conditions] The decline in the Nikkei Average since Black Monday directly hits US economic concerns
Updated 2024/8/2 15:51 JST (some excerpts)
The stock exchange rate continued to drop drastically in the Japanese market on the 2nd, and the Nikkei Stock Average fell for the first time in about 37 years since Black Monday. Concerns about the future of the US economy spread due to successive deterioration in economic indicators, and movements to reduce holdings of risk assets intensified among investors. All 33 indices by industry were cheap, and the rate of decline from recent highs in the Tokyo Stock Price Index (TOPIX) exceeded 10%, and technical analysis entered an adjustment phase.
The stock exchange rate continued to drop drastically in the Japanese market on the 2nd, and the Nikkei Stock Average fell for the first time in about 37 years since Black Monday. Concerns about the future of the US economy spread due to successive deterioration in economic indicators, and movements to reduce holdings of risk assets intensified among investors. All 33 indices by industry were cheap, and the rate of decline from recent highs in the Tokyo Stock Price Index (TOPIX) exceeded 10%, and technical analysis entered an adjustment phase.
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