Selling concentrated in semiconductor-related stocks after US CPI came in above expectations. The Nikkei is expected to remain near its lows in the afternoon session.
The Nikkei is expected to remain near its lows after opening in the afternoon session, extending the morning decline. There is speculation that the unwinding of long positions accumulated during the recent upswing will accelerate.
A key point from the news is that the US Consumer Price Index, or CPI, came in above market expectations, strengthening selling pressure on semiconductor-related stocks.
The afternoon session, movements in semiconductor-related stocks, and trends in interest rates and the dollar are cited as key market factors and as reasons to reconsider investment strategies.