Japanese stocks fell 2% on Monday due to US semiconductor stock declines and potential Bank of Japan rate change.
Japanese stocks fell sharply on Monday, as the Nikkei 225 and broader Topix indices both declined over 2%. The decline was attributed to tracking the sharp drops of semiconductor-related stocks in the US, leading to significant losses in value-laden semiconductor stocks such as Tokyo Electron and Advantantest. The prospect of the Bank of Japan lifting its negative interest rate policy in March and a stronger yen also weighed on the equity market.
March 11, 2024
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