The Nikkei Average fell for a third consecutive trading day, closing ¥503 lower than at the end of the previous week at ¥62,189. The decline in AI and semiconductor stocks weighed on the index, while funds are beginning to flow into real estate stocks against a backdrop of lower long-term interest rates. Some observers have also said that market conditions are beginning to resemble those of 2018.
The Nikkei Average fell for a third consecutive trading day, closing ¥503 lower than at the end of the previous week at ¥62,189, as declines in artificial intelligence and semiconductor-related stocks weighed on the index. Meanwhile, more than half of the stocks on the TSE Prime Market rose, and funds are beginning to flow into real estate and other stocks in response to lower long-term interest rates.
Some observers say that market conditions are approaching those of 2018, with views emerging that the current phase resembles that period. 2018 was also a U.S.-China midterm election year, and there is speculation that stock prices could fall and interest rates decline after the election.
The article is available in full to members, with further updates and details offered on a subscription basis.