Nikkei Down This Morning, Chip Stocks Hit by AI Pressure
The Japanese stock market opened lower after sentiment in technology stocks, particularly semiconductors, worsened. The trigger came from Broadcom's disappointing sales outlook, coupled with reports that Oracle was delaying the completion of several data centers—aggravating market concerns about the magnitude of AI investments and the timing of their return. As a result, the Nikkei 225 fell 1.2% to 50,246.58, while the Topix index was flat at 3,423.70 in Tokyo morning.
Amid the tech pressure, investors are turning to safer sectors such as pharmaceuticals and food. Financial stocks are also expected to be more stable due to expectations that the Bank of Japan (BOJ) will raise interest rates. This expectation was further reinforced by the Tankan business survey, which showed that large manufacturer confidence rose to a four-year high, giving the market greater room to adopt a tighter stance this week. (az)
Source: Newsmaker.id
