The Nikkei VI declined, while investor caution grew over the rapid pace of the intraday gains. In the Tokyo market, futures remained firm, while AI-related and semiconductor stocks drew market attention.
The Nikkei VI was 35.61 as of 14:20, down 0.64 from the previous day, representing a decline of 1.77%. The day's high was 35.79 and low was 34.16.
Although major indices fell in yesterday's US stock market, buying was somewhat stronger in today's Tokyo market, and Nikkei 225 futures remained firm. AI-related stocks and major semiconductor-related stocks, which were soft in the morning session in the cash market, moved to support the downside.
However, Nikkei futures had risen ¥2,980 through yesterday after advancing for several consecutive sessions, prompting some investors to be wary of the rapid pace of the near-term gains. The Nikkei VI also moved to narrow its decline from the morning level.
The Nikkei VI is an indicator of the market's expected magnitude of fluctuations over the coming month. While it tends to surge when share prices plunge, it can also revert to a range. Its future direction may be influenced by trends in AI-related and semiconductor stocks and the performance of Nikkei 225 futures.