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Nikkei index falls to its lowest level in 5 months, affected by the decline of Toyota and Sony
Toyota’s stock fell 4.97% after it said it expected not to achieve its goal of selling 9 million vehicles annually due to the chip shortage crisis.
12 shares rose on the Nikkei index, while 211 shares declined.
The Japanese Nikkei index fell to its lowest level in five months on Wednesday, January 19, affected by the decline in Toyota and Sony shares, and following in the footsteps of US stocks that fell last night.
The Nikkei index fell 2.8% to 27,467.23 points, its lowest level since August 20, while the broader Topix index fell 2.97% to 1919.72 points.
The major US stock indices fell sharply last night as weak Goldman Sachs results weighed on financial stocks and technology shares continued to sell off as US bond yields rose.
Sony group shares fell 12.79% and were the worst performer on the Nikkei index, after its gaming rival Microsoft bought Activision.
Toyota’s stock fell 4.97% after it said it expected not to achieve its goal of selling 9 million vehicles annually due to the chip shortage crisis.
12 shares rose on the Nikkei index, while 211 shares declined.
