The Nikkei 225 extended its decline in afternoon trading in Tokyo today, briefly falling more than ¥3,400. The US September CPI exceeded market expectations, fueling widespread concern that a rate hike would be implemented soon. Profit-taking also emerged ahead of earnings from leading semiconductor manufacturer TSMC.
The Nikkei 225 extended its decline in afternoon trading in Tokyo today, briefly falling more than ¥3,400.
The background was a rise in the US September consumer price index that exceeded market expectations, heightening concerns that a rate hike could be implemented soon and prompting investors to adopt a stronger risk-off stance.
Selling orders also swelled, centered on AI and semiconductor-related stocks, and the decline in semiconductor stocks weighed on the broader market. In particular, profit-taking was reported ahead of earnings from leading semiconductor manufacturer TSMC.