Money Forward surges as funds return to SaaS names amid semiconductor stock sell-off; Sansan and others also higher (Traders Web)

Money Forward surged. Funds were said to have rotated back into SaaS-related stocks against the backdrop of a sell-off in semiconductor-related stocks, with Sansan and others also bought at the same time.

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The story

Money Forward surged. The decline in semiconductor-related stocks served as a catalyst, and SaaS-related stocks attracted funds as semiconductor-related shares broadly fell in the Tokyo market.

Amid the impact of the semiconductor sell-off and selling pressure from investors raising cash in AI-related stocks, buying spread to non-AI stocks and funds were seen returning to SaaS-related stocks.

Among individual stocks, Sansan, Free, Appier Group and Cybozu rose in succession.

This account is based on information reported as of 9:36 a.m. on 9 October. The source was reported as Yahoo! Finance news distributed via Traders Web.

At a glance

EventMoney Forward surged

SectorThe decline in semiconductor-related stocks was the catalyst

Capital flowsFunds rotated back into SaaS-related stocks

StockSansan traded higher

Stockfreee traded higher

StockAppier Group traded higher

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