Japanese stocks extended their decline on the 2nd. Adjustments in AI-related stocks and selling in companies whose earnings disappointed combined to pressure the market, while bonds edged lower and the yen traded in the upper ¥157 range against the dollar.
Japanese stocks extended their decline on the 2nd, with stocks whose earnings disappointed falling as AI-related stocks continued to undergo a correction. Kioxia Holdings stood out in particular.
In the bond market, prices edged lower as yields rose, while the yen fell to the upper ¥157 range against the dollar. Stock selection is expected to continue.