The Nikkei average fell for a second straight session, with concerns over slower AI development reportedly triggering a decline in semiconductor stocks, while SoftBank Group shares were down 10%. 8
The Nikkei average reportedly fell for a second straight session, with expectations of a slowdown in the pace of AI-related development cited as a factor behind the decline in semiconductor stocks. Weak market sentiment acted as a drag, prompting broader risk aversion among investors. Some attributed the increased downward pressure on the market as a whole to movements in related stocks.
SoftBank Group shares fell 10% during the session. The decline in individual stocks, combined with the overall weakness of the market, has been cited as potentially affecting fund flows between sectors.
The situation in which delays in AI development are cited as a factor behind the decline in semiconductor stocks remains one in which the market is awaiting further developments, and market sensitivity to risk is expected to change depending on how conditions evolve.