The Nikkei Stock Average recorded the year's longest losing streak at 6 sessions, and unease spread across the market, centered on cloud-related stocks. Attention was also focused on moves in semiconductor-related stocks.
The Nikkei Stock Average extended its daily declines to record the year's longest losing streak at 6 sessions. The market's weakness is viewed as partly attributable to the impact of cloud-related stocks, and the difficulty of pushing higher has been a focus.
Across the market, investors are seen adopting a wait-and-see stance with U.S. rate hikes in mind, while risk-off moves are spreading, making this a focus as a short-term market driver.
Among individual stocks, Advantest shares plunged, while semiconductor equipment stocks are seen as relatively firm, with no sign of weakening demand for inspection equipment.