[Fujitomi] Nikkei average falls sharply again, concerns over risk of U.S. administration stagnation

The Nikkei Stock Average closed the day down sharply, ending at 19,553.86 yen, down 261.02 yen (1.32%) from the previous day. Uncertainty about the future operation of the U.S. administration due to President Trump's "Russiagate" issue heightened risk-off selling in the dollar-yen market and the Tokyo stock market. Although there had already been some expectation of risk pricing into the U.S. administration during the previous day’s Tokyo market, a sharp drop in major Western stocks triggered new selling as well. The Nikkei average temporarily fell as much as 365 yen in the morning session. By sector, both insurance and banks posted declines of over 3%. With the U.S. stock market plunging, including the Dow Jones dropping over 300 points, the Chicago Board Options Exchange Volatility Index (VIX) surged 46%.

TOPIX also declined, ending at 1,555.01, down 20.81 points (1.32%). The value of shares traded on the Tokyo Stock Exchange First Section was 2.7198 trillion yen, with a trading volume of 2.18463 billion shares. The number of declining issues on the First Section was 1,574, advancing 370, and 71 were unchanged.

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