CatalystMacro
Nikkei 225 down 2.64% to 67,206.79, a fourth straight losing session, as the AI and chip complex sells off. Nomura's Maki Sawada pins it on the US semiconductor slide, with Middle East and Ukraine hea
Nikkei 225 down 2.64% to 67,206.79, a fourth straight losing session, as the AI and chip complex sells off. Nomura's Maki Sawada pins it on the US semiconductor slide, with Middle East and Ukraine hea
Context
What happened: Japan's Nikkei 225 fell 2.64%, extending losses to a fourth session as AI-related and semiconductor stocks declined amid Wall Street weakness.
Key numbers: Nikkei 225 down 2.64%. Kioxia Holdings fell 13.02%. Wholesale prices rose 6.8% year-on-year in September.
Why it matters: The selloff deepened on US chip weakness, with geopolitical tensions and inflation concerns adding pressure. Shipping stocks gained despite the broader market weakness.
What changed
Japan's Nikkei 225 fell 2.64%, extending losses to a fourth session as AI-related and semiconductor stocks declined amid Wall Street weakness.
Why it matters
The selloff deepened on US chip weakness, with geopolitical tensions and inflation concerns adding pressure. Shipping stocks gained despite the broader market weakness.