Stock markets in major Asian countries are on the decline on the 18th.
The Nikkei 225 index closed at 28,984.56, down 238.21 points (0.82%) from the previous day in Tokyo.
The Nikkei index opened at 28,957.40, down 265.37 points (1.82%) from the previous day, and the decline in the early part of the market exceeded 300 points at one point.
According to the Nikkei Asian revie, the Nikkei Stock Average rose 1,400 points in August and recovered to its highest level in about seven months since January 5 the previous day.
Nikkei said, “Sold volumes are coming out in the stock market to confirm profits, especially in growth stocks that have been on the rise.” Takashi Hiroki, a senior strategist at Manex Securities, pointed out, “The stock price of growth stocks was soaring, so it is highly overheated.”
Another burden is that the major stock index fell in the U.S. stock market the previous day.
Takuro Hayashi, head of the Investment Information Center at Iwai Cosmo Securities, said, “Investors’ stability was increasing as the U.S. Federal Reserve’s excessive vigilance against austerity retreated, but the steep rise is showing a steady trend.”
Other Asian stock markets such as Shanghai Composite Index fell 19.69 points, or 0.60 percent, to 3,272.84 at 10:50 a.m. local time. At the same time, Hong Kong’s Hang Seng Index is trading at 19,787.40, down 135.05 points (0.68%) from the previous day, and Taiwan’s independent yen index is trading at 15,354.32, down 111.13 points (0.72%).
