The Nikkei is expected to extend its decline in Tokyo trading on the 23rd following a sharp drop in U.S. stocks, with selling of AI-related shares weighing on the market. The Nikkei’s downside target is estimated at around ¥62,000.
The Nikkei is expected to extend its decline in Tokyo trading on the 23rd. The market is forecast to fall by around ¥900 from the previous day.
Technology stocks plunged in U.S. trading on the 22nd amid concerns over the prospects of recouping AI-related investments. Against this backdrop, selling of AI and semiconductor stocks is expected to lead declines in the domestic market as well.