Reference News Network, January 8 report: According to Kyodo News, on January 8, the Tokyo stock market fell sharply again due to concerns that the rising tensions between Japan and China could affect the profits of Japan's key industries.

The Nikkei average index fell by 844.72 points on January 8, a drop of 1.63%.

According to the website of the "Nikkei Economic News," on January 8, the Tokyo stock market's Nikkei average index continued to fall, dropping 844.72 points from the previous trading day, a decline of 1.63%. Due to the escalation of Japan-China tensions, manufacturing stocks continued to decline. At the same time, due to market concerns about stagnant real wage growth, stocks related to domestic demand such as retail also declined.

Due to concerns about China restricting rare earth exports, manufacturing stocks including Toyota Motor continued to fall. The Chinese government recently tightened export controls on dual-use items to Japan following former Japanese Prime Minister Takahashi Hayato's testimony in the Diet regarding "Taiwan's situation," which triggered Japan-China tensions. This has increased concerns about rare earth supply, dragging down manufacturing stocks.

Market participants' cautious outlook on the "domestic and foreign troubles" caused by the combination of diplomatic risks and stagnant real wage growth is likely to persist for some time.

Reuters reported on January 8 that Japanese chemical company stocks fell on January 8 after the Chinese Ministry of Commerce announced an anti-dumping investigation into chemical raw materials used in chip manufacturing from Japan.

Shin-Etsu Chemical's stock fell 3.4%, and Mitsubishi Chemical's stock fell 0.5%.

This investigation into imported silicon tetrachloride from Japan comes at a time when bilateral relations are tense and Beijing is accelerating its efforts to achieve self-sufficiency in key technologies. (Translated by Liu Lin, Ma Xiaoyun, Lu Di)

Original source: toutiao.com/article/7592987898765410854/

Statement: This article represents the views of the author themselves.