US AI and semiconductor stocks plunged, prompting selling to lead. The Nikkei Average is reported to have continued battling around the ¥60,000 level, with investors becoming more risk-averse.
In today's Tokyo market outlook, the sharp declines in US AI-related and semiconductor stocks affected investor sentiment, and the Nikkei Average battled in the low ¥60,000s.
The article suggests that selling led in the Japanese market amid weakness in US technology stocks and following turmoil during US trading hours.
Investors are also wary that volatility could rise depending on future developments, with semiconductor- and AI-related trends expected to be the market's focus.
At the same time, market participants remain watchful of interest-rate trends and domestic corporate earnings while waiting for support factors to emerge.
Future updates are expected to focus on AI and semiconductor stock trends, developments in the US market and the earnings performance of Japanese companies.