The Nikkei Average moved narrowly at the start of the week, continuing to fluctuate around ¥66,000. Declines in US semiconductor stocks and caution over elevated prices weighed on the market.
The Nikkei Average moved narrowly around ¥66,000 at the start of the week.
In US markets on the 21st, major stock indexes rose, while AI and semiconductor-related stocks declined, with that trend spilling over into the Japanese market.
Although corporate earnings are considered solid, persistent concerns that stock prices are high have made this a market environment in which profit-taking selling is more likely.
With the Jackson Hole symposium and earnings from semiconductor giant NVIDIA scheduled for this week, investors are expected to remain on the sidelines.