Japanese stocks fell on the 14th, with financials and domestic-demand sectors trading lower. Semiconductor-related stocks lost momentum late in the session, and the Nikkei recorded 5 consecutive down days for the first time in 5 months. Reduced concern over aggressive rate hikes in both the United States and Japan, along with expectations for corporate earnings, were cited as market factors.
The Japanese market showed a sharp move lower in stocks on the 14th. Falling share prices in the financials and domestic-demand sectors weighed on the market.
Semiconductor-related stocks lost momentum toward the end of trading, and weakness spread across individual stocks.
The Nikkei Stock Average fell for 5 consecutive trading days for the first time in 5 months.
Reduced concern over rate hikes in both the United States and Japan and expectations for corporate earnings were cited as market factors, with attention focused on developments ahead.