The Nikkei Average closed at ¥66,311.93 in Tokyo trading on the 31st, down ¥93.63 from the previous day. Selling spread across risk assets against a backdrop of hawkish remarks from the Federal Reserve and rising long-term yields, dampening sentiment in AI and semiconductor stocks.
The Nikkei Average closed at ¥66,311.93 in Tokyo trading on the 31st, down ¥93.63 from the previous day. The decline briefly exceeded ¥1,500.
Long-term yields rose after hawkish remarks from the Federal Reserve, prompting selling centered on growth stocks.
The move effectively poured cold water on AI and semiconductor stocks, which had attracted renewed buying following last week’s NVIDIA earnings.