Tokyo's benchmark stock index fell sharply on Thursday.
Investors unloaded auto and other export-related shares amid the yen's rise against the dollar.
The Nikkei 225 ended the day at 40,126, down 2.4 percent. It plunged by almost 1,000 points at one point before narrowing losses. Semiconductor-industry stocks also dropped on reports the US may crack down on the chip-related exports to China.
The Japanese currency strengthened to the 155-yen level against the dollar at one stage, its strongest in about six weeks. The gain came amid speculation the Bank of Japan will raise interest rates.
Investors unloaded auto and other export-related shares amid the yen's rise against the dollar.
The Nikkei 225 ended the day at 40,126, down 2.4 percent. It plunged by almost 1,000 points at one point before narrowing losses. Semiconductor-industry stocks also dropped on reports the US may crack down on the chip-related exports to China.
The Japanese currency strengthened to the 155-yen level against the dollar at one stage, its strongest in about six weeks. The gain came amid speculation the Bank of Japan will raise interest rates.
Similar Readings (5 items)
Nikkei 225 slides on stronger yen, declines in US stocks
Tokyo stocks fall for 7th day on stronger yen
Nikkei 225 hits all-time high, closes lower on strong yen
Nikkei 225 tumbles following weaker Tankan survey
summary of Nikkei 225 sees first slide in 3 days
Summary
Tokyo's Nikkei 225 index declined by 2.4% on Thursday, with investors selling auto and export-related shares due to the yen's rise against the dollar. The index plummeted nearly 1,000 points at one point. The semiconductor sector also saw a drop due to reports suggesting US may restrict chip
Statistics
95
Words1
Read CountDetails
ID: 6fbfe655-5efe-4f3a-bfba-f1963215389c
Category ID: nhk
URL: https://www3.nhk.or.jp/nhkworld/en/news/20240718_29/
Date: July 18, 2024
Created: 2024/07/19 07:00
Updated: 2025/12/08 12:06
Last Read: 2024/07/19 07:27