The Nikkei average fell sharply by more than ¥3,200. As expectations for rate hikes in the U.S. market grew, concerns over AI-related funding spread, leading to selling centered on semiconductor-related stocks.
The Nikkei average fell by more than ¥3,200, with the morning closing level at ¥64,489.06, down ¥3,255.23 from the previous day. The average fell below ¥65,000 for the first time in two weeks.
Expectations for an early rate hike grew in the U.S. market the previous day, while concerns over AI-related funding intensified in the Tokyo market, strengthening investors’ risk-off stance.
TOPIX was recorded at 3,993.50 today, and downward pressure on share prices continued overall.
Semiconductor-related stocks were among the focus of trading, and concerns were reportedly spreading over funding flows related to AI.
Reports on market trends pointed to AI-related concerns as a factor weighing on sentiment across the equity market.