On the Tokyo stock market on the 1st, the Nikkei stock average dropped by more than 500 yen at one point due to concerns about a prolonged monetary tightening in the United States and a slowdown in the economy.
▽The closing price of the Nikkei Stock Average on the 1st was 27,661.47
yen, 430.6 yen lower than on the 31st of last month
. did.
A market official said, ``There is growing concern that monetary tightening in the United States will be prolonged and the global economy will slow down. "All eyes are on TIME's index of US manufacturing sentiment, which will be released this evening."