At the morning close in Tokyo on the 7th, the Nikkei 225 stood at ¥70,074.13, down ¥609.85 from the previous day. Domestic AI and semiconductor-related stocks were pressured by profit-taking, while inflation concerns weighed on sentiment. The market notably failed to keep pace with higher US equities.
At the morning close in Tokyo on the 7th, the Nikkei 225 stood at ¥70,074.13, down ¥609.85 from the previous day.
While the tech-heavy Nasdaq Composite Index in the US reached a record high for the second consecutive day on the 6th, domestic AI and semiconductor-related stocks were pressured by profit-taking. Persistent inflation concerns also weighed on sentiment, leaving the Nikkei 225 showing signs of losing momentum after its recent sharp rise.
In this environment, the Nikkei 225 was unable to fully follow the rise in US equities, and caution spread among investors.