Stock price temporarily drops more than 600 yen Prime Minister Abe’s intention to resign

Stock price temporarily drops by more than 600 yen Prime Minister Abe’s intention to resign August 28 at 15:09

In response to the news that Prime Minister Shinzo Abe has firmed up his intention to resign, the Tokyo Stock Exchange on August 28 saw sales orders gather at once, and the Nikkei Stock Average temporarily fell by more than 600 yen. The closing price also fell by 326.21 yen from The 27th to 22,882.65 yen.
A market official said, “Stock prices were rising in the afternoon, but sales orders were gathered at once in response to reports that Prime Minister Shinzo Abe had firmed up his intention to resign. After that, there was a move to buy back, but investors are keeping a close eye on how Prime Minister Shinzo Abe will explain at the press conference.”