In the Tokyo stock market on the 4th, the Nikkei Stock Average fell by more than 600 yen at one point due to the swelling selling orders in the United States, which worried that the economy would cool down as the interest rate hike continued.
In the early hours of the 3rd of Japan time, Chairman Powell of the Federal Reserve Board of the United States made a statement suggesting a prolonged monetary tightening, and stock prices fell for four consecutive days in the New York market.
In response to this trend, even in the Tokyo market, there was concern that the US economy would cool down due to a significant interest rate hike, and sell orders for a wide range of stocks swelled.
▽The Nikkei Stock Average closed on the 4th at 27,199.74 yen, which is 463.65 yen lower than on the 2nd.
▽ Tokyo Stock Price Index = Topics fell 25.06 to 1915.40.
▽ The daily trading volume was 1,639,160,000 shares.
A market insider said, ``Chairman Powell's remarks have strengthened the view that the US monetary tightening is likely to last longer than the market expected. "We're keeping a close eye on the U.S. employment statistics," he said.