Stocks: The Nikkei Average in the latter days updated intraday lows, and the depreciation of over 1200 yen at one point and the appreciation of the yen weighed heavily

July 25, 2024 1:23 PM GMT+9 (some excerpts)

The Nikkei Average was updated to a low during the day, and the depreciation of over 1200 yen at one point was heavy
Entering the backstage, the Nikkei Average widened its decline and updated the intraday low. Currently, it is moving at a level below 38,100 yen, which is about 1090 yen lower than the previous business day. There was also a scene where it was over 1200 yen cheaper at one point. In the exchange rate, the dollar is in the first half of the 152 yen range and the appreciation of the yen is progressing, making the stock market heavier.
High-tech stocks, which contribute a lot to the index, continue to depreciate drastically across the board, and insurance stocks and machine stocks have declined significantly. In the market, voices are heard that “although the financial details of US high-tech stocks are not bad, the movement that they are sold once is conspicuous, and even in the Japanese stock market, there is an adjustment mood centered around semiconductor stocks” (domestic securities strategists).