In response to the appreciation of the yen against the dollar on the Tokyo stock market and the foreign exchange market on the 19th, stock prices fell due to selling orders for export-related stocks.
▽The closing price of the Nikkei Stock Average on the 19th was 26,405.23 yen, which is 385.89 yen lower than the previous day's closing price.
▽ Tokyo Stock Price Index = Topics fell 19.31 to 1915.62.
▽The daily trading volume was 1,054.6 million shares.
A market insider said, ``Last month's retail sales announced in the United States fell short of market expectations, raising concerns about an economic slowdown. Selling orders for stocks have increased," he said.
The reason for the temporary price drop of 400 yen or more
On the 19th, the Tokyo stock market and the Nikkei stock average fell by more than 400 yen at one point.
A major factor is the movement of the yen exchange rate, which is like a roller coaster.
Before noon on the 18th, when the Bank of Japan announced that it would maintain the current large-scale monetary easing measures, the yen exchange rate fell by more than 2 yen at a stretch, and many buy orders were placed in export-related stocks such as automobiles.
However, on the 19th, the growth of the wholesale price index in the United States last month fell short of market expectations, and the pace of interest rate hikes by the Fed was expected to slow down.
Affected by this market movement, the export-related stocks that were bought on the 18th were now sold.
The economic outlook remains uncertain.
Nervous trading is likely to continue, with a keen eye on the price situation in Japan and the United States, the course of monetary policy, and corporate earnings.