Nikkei tumbled, wary of U.S. accelerating monetary
2022-06-21 08:23:31
#acceleration#economy#policyThe Tokyo stock market ushered in a new week on the 13th. The Nikkei index continued to fall sharply, closing down 836.85 points from last Friday to 26987.44 points. The most, down 3.01%. U.S. stocks slipped on Friday on wary of accelerating U.S. monetary policy tightening. Tokyo stocks picked up the momentum, with selling pouring in.
The Topix Index (TOPIX) fell 42.03 points to 1901.06 points, or 2.16%. The trading volume for the whole day was about 1.218 billion shares.
The U.S. Department of Labor announced on the 10th that the May consumer price index rose to a new high in nearly 40 years and 5 months. Views that the Federal Reserve (FRB) will accelerate monetary policy tightening have expanded, and concerns about a slowdown in the U.S. economy have grown. The economic outlook for the euro zone was also unclear, with Tokyo stocks taking the lead in early trading.
In the Tokyo foreign exchange market, the depreciation of the yen, which is believed to drive the buying of export stocks such as automobiles, continued, but the impact was limited. The FRB will hold a meeting of the Federal Open Market Committee (FOMC) to decide monetary policy on the 14th and 15th. Some market stakeholders believe that "before the FOMC conclusions are released, there may be a wait-and-see atmosphere."
The Topix Index (TOPIX) fell 42.03 points to 1901.06 points, or 2.16%. The trading volume for the whole day was about 1.218 billion shares.
The U.S. Department of Labor announced on the 10th that the May consumer price index rose to a new high in nearly 40 years and 5 months. Views that the Federal Reserve (FRB) will accelerate monetary policy tightening have expanded, and concerns about a slowdown in the U.S. economy have grown. The economic outlook for the euro zone was also unclear, with Tokyo stocks taking the lead in early trading.
In the Tokyo foreign exchange market, the depreciation of the yen, which is believed to drive the buying of export stocks such as automobiles, continued, but the impact was limited. The FRB will hold a meeting of the Federal Open Market Committee (FOMC) to decide monetary policy on the 14th and 15th. Some market stakeholders believe that "before the FOMC conclusions are released, there may be a wait-and-see atmosphere."
