Nikkei futures fell sharply on the Chicago Mercantile Exchange on 30 October, with the December contract ending at ¥62,600, down ¥2,300 from the previous day. Selling of AI-related stocks spread following U.S. companies' earnings announcements, affecting the Japanese market as well.
Nikkei futures fell sharply in CME trading on 30 October, with the December contract ending at ¥62,600, down ¥2,300 from the previous day. The decline was driven by a sharp drop in the shares of major U.S. semiconductor company Intel.
Selling spread across stocks related to artificial intelligence (AI) infrastructure, putting downward pressure on related stocks in the Japanese market as well. This led to heavier selling in Nikkei futures.