Nikkei Plunges Over 3000 Points Intraday in Fifth-Largest Drop
- Nikkei 225 fell over 3,000 points intraday June 8, closing at its 5th-largest single-day drop.
- Semiconductor names that had led the rally bore the brunt of profit-taking.
- Triggers: strong US jobs fueling rate-hike bets, plus Israel-Iran tension lifting oil.
- For Taiwan readers, Japanese chip stocks are a leading signal for the next Taipei session.
This selloff matters beyond Japan because it hit the entire semiconductor-plus-yen-carry chain that Taiwan's market hangs on. On Monday June 8, chip-related names that had led the rally faced concentrated selling; the Nikkei 225 sank more than 3,000 points intraday and closed at its fifth-largest single-day loss. This was not blind panic but profit-taking colliding with a macro turn.
Three forces converged: strong US labor data reviving Fed rate-hike bets and lifting bond yields, escalating Israel-Iran tension driving risk-off flows, and surging crude reigniting imported-inflation fears for resource-poor Japan. For leveraged chip longs it is pure risk; for cash-rich long-term buyers, a macro-driven dip rather than a fundamental break can be an entry to watch.
For Taiwan, the link is direct: Japanese chip stocks and the TSMC supply chain move together, so Tokyo's close often previews Taipei's open. Watch the next US jobs and inflation prints, whether Middle East risk spills into oil, and any signal from the BOJ.