The Nikkei average plunged in Tokyo on the 15th. The decline at the close was ¥3,318.34, weighed down by selling in AI-related stocks and concerns about capital investment due to rising interest rates.
The Nikkei average plunged in Tokyo on the 15th, with the decline at the close reaching ¥3,318.34, its third-largest on record.
Selling swept across artificial intelligence-related stocks, the main driver of the unprecedented stock-market rally, and their performance weighed on the market.
The AI rally had previously been marked by strong enthusiasm, but some market participants now see the latest plunge as signaling a transition into a correction. Attention is focused on how the market develops from here.
At the same time, rising interest rates heightened concerns about massive capital investment, and investors’ withdrawal of funds was also cited as a factor behind the decline.