On the 8th, Chicago Nikkei futures ended lower, with the December contract down ¥1,450 from the previous day at ¥68,400. Selling spread amid the decline in the Nikkei and developments in U.S. technology stocks.
On the 8th, the December Nikkei futures contract on the Chicago Mercantile Exchange (CME) ended at ¥68,400, down ¥1,450 from the previous day, extending its decline. The deterioration in global market sentiment and selling pressure in the futures market weighed on prices. Selling in Nikkei futures increased throughout the day's trading. Read more: [Nikkei QUICK News (NQN)]
In the cash market, the Nikkei fell sharply. The Japanese equity market remained broadly weak, weighed down by developments in the U.S. market and the outlook for corporate earnings.
One factor cited in the U.S. market was a report that OpenAI's annualized revenue had failed to exceed market expectations, prompting broad declines in technology stocks, including semiconductor stocks. This was thought to have further increased selling of Nikkei futures.