The Nikkei Stock Average fell back in Tokyo trading on 11 September, ending about ¥1,260 lower than the previous day. All 7 semiconductor- and AI-related stocks also fell, while higher crude oil prices and rising interest rates weighed on the market.
The Nikkei Stock Average ended at ¥64,011.34 in Tokyo trading on 11 September, down ¥1,259.61 from the previous day, while all 7 semiconductor- and AI-related stocks also declined.
Following broad-based declines in semiconductor-related stocks in the US market on 10 September, the European Central Bank's decision to raise interest rates, citing inflationary pressure from higher crude oil prices amid tensions in the Middle East, heightened global concerns over interest rates.
The article points to the spillover from declines in US semiconductor stocks and the drop in the SOX Index as developments since 10 September.