Japanese stocks fall sharply every day, global high-tech depreciation spreads-semiconductor-related decline-Bloomberg

The Tokyo stock market is significantly cheaper every day. The Nikkei Stock Average fell by more than 500 yen at one point. March Federal Open Market Committee (ＦＯＭＣ) Has raised concerns regarding the rapid tightening of US monetary policy, and the flow of growth stock sales such as high-tech is spreading in the markets of major countries. Semiconductor-related declines such as Tokyo Electron and Lasertec are conspicuous. Crude oil prices have fallen, and mining and oil and coal stocks are also cheap.

TOPIX is 1883.57-9: 16 am, down 37.34 points (1.9%) from the previous day. The Nikkei Stock Average is down 505.79 yen (1.8%) to 26,844.51 yen.

Viewpoints of market participants

Takashi Ito, Senior Strategist, Nomura Securities

• US high-tech stocks have fallen, and Japan is also selling ahead of growth stocks such as semiconductors.Prices of materials related to shipping, steel, textiles, etc., where profits are easily linked to the global economy, will also decline.
• However, risk aversion has eased with the announcement of the FOMC agenda, and the downside of Japanese equities may be limited.
• As long-term interest rates are approaching the upper limit of 0.25%, if the BOJ’s limit operation is entered, foreign exchange may react to the depreciation of the yen and support the lower stock market.

TSE 33 industries

High drop rate	Shipping, petroleum / coal products, mining, real estate, electrical machinery
Highest rate of increase	Pharmaceuticals

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