In the Tokyo stock market on the 18th, the Nikkei Stock Average temporarily fell by more than 300 yen due to growing concerns about the future of the Chinese economy.
The Nikkei Stock Average closed at 18,17.175 yen, 24.3 yen lower than the closing price on the 1450th, the TSE Stock Index = Topix fell 76.15 to 77.2237, and the daily volume was 29,11.9796
million shares.
On the 18th, the Nikkei Stock Average fell by more than 300 yen at one point due to growing concerns about the future of the Tokyo stock market and the Chinese economy, and the closing price fell by more than 175 yen.
The stock price fell because Chinese real estate giant "Evergrande Group" filed for application of the federal bankruptcy law in a US court on the 17th, and concerns about the future of the Chinese economy intensified.
In response to this, in the Tokyo market, sell orders were placed for a wide range of stocks, including machine tools and retailers.
On the other hand, in the United States, stock prices have continued to decline against the backdrop of rising long-term interest rates, which is also a factor exerting downward pressure on the stock prices of Japan companies.
In this way, the Tokyo market has become aware of risks to overseas economies such as China and the United States.