Plunging 3,700 points! Japanese stocks fall over 6%, with chip and financial stocks tumbling

Gelonghui, March 9th｜Due to the potential rise in energy prices caused by the Middle East conflict and new signs of weakness in the US labor market, Japanese stocks fell sharply in early trading on Monday. Data shows that the Nikkei 225 index dropped more than 6%, falling over 3,700 points and breaking below 52,000 points, marking the first time since January 9th. Among them, chip stocks and financial stocks led the decline, with Kioxia's share price down 10%, SoftBank Group down 10%, and Mizuho Financial Group down 7.4%. Currently, investors are closely monitoring the situation in Iran, crude oil prices, and the Japanese government's response measures to rising energy costs.