Tokyo stocks plunge, Nikkei sinks over 3%, on high bond yields
TOKYO (Kyodo) -- Tokyo stocks plunged Wednesday, with the Nikkei index ending more than 3 percent lower, weighed by higher bond yields and rekindled f
Tokyo stocks tumbled on Wednesday, with the Nikkei index dropping more than 3%, driven by rising bond yields and worries over a Middle East conflict escalating. The 225-issue Nikkei Stock Average closed 2,134.31 points, or 3.16%, lower at 65,326.42, while the broader Topix index fell 127.91 points, or 3.09%, to 4,012.31. Among top-tier issues, declines were concentrated in nonferrous metals, glass, ceramics, and machinery sectors.
The U.S. dollar slipped to a range around 159 yen, as investors hesitated over potential yen-buying measures. Declines in AI and data center-related stocks mirrored their American counterparts, pressured by high-interest rates. Topix also suffered from profit-taking after hitting three straight record highs last week. Strategists noted that high-priced stocks, including AI-related shares, lost momentum.
Despite the decline, market participants remain cautious about bond market developments, according to Nomura Securities strategist Maki Sawada. Meanwhile, crude oil futures stayed above $80 per barrel, further dampening sentiment, following a tweet from U.S. President Donald Trump stating, "There are no talks or conversations going on, or scheduled, with Iran."
Written by urgent.news from The Mainichi's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
