The Nikkei Average continues to trade around the 70,000 level even as long-term interest rates exceed 3%. Demand for AI-related funds is said to be affecting the market's cost of money.
Despite long-term interest rates exceeding 3%, the Nikkei Average is again engaged in a battle around the 70,000 level. Market acclimatization and short-term fund flows appear to be dominant, with activity continuing to pick up ahead of this key level.
The article explains that demand for AI-related funds is affecting the pricing of capital and points to the possibility that changes in fund inflows are influencing movements in the Nikkei Average.