On the Tokyo stock market on the 1st, stock prices declined as expectations that the US Federal Reserve Board would move to lower interest rates quickly receded. Nikkei Stock Average fell for the first time in four business days.
Investors have been increasingly interested in when the Fed, which has continued to raise interest rates to curb inflation, will start cutting rates. Chairman Powell expressed caution about cutting interest rates early. High-tech stocks, which are susceptible to interest rates, fell in the New York market, and sell orders spread to semiconductor-related stocks in the Tokyo market.