Against the backdrop of developments in the US market following calls to slow AI development, the Nikkei Stock Average is expected to find downside support at around ¥700 below the previous close. Concern over higher crude oil prices amid turmoil in the Middle East has also been cited as a burden on the market.
The Nikkei Stock Average is likely to continue falling in the Tokyo market on the 15th. There is a view that the selling of semiconductor-related stocks across the US market, triggered by the head of an AI-related company calling for a slowdown in AI development, will spill over into the Japanese market. The Nikkei Stock Average is expected to find downside support at around ¥62,800, approximately ¥700 below the previous close of ¥63,492.
Concern over higher crude oil prices amid turmoil in the Middle East could also affect trading in the Tokyo market. Selling in AI- and semiconductor-related stocks is expected to prevail as a result, and investors will need to watch developments in both areas closely.
Related news is presented as a roundup of the impact of trends in the US market and crude oil prices on the Nikkei Stock Average in the Japanese market. The future direction of the market is expected to hinge on movements in AI-related stocks and crude oil prices.