The Tokyo Stock Exchange Briefly Rose More than 300 Yen to 66,718 Yen, as Investors Recognized the Resilience of AI Demand, While Export-Oriented Stocks Were Sold Off Due to the Strong Yen.
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On the 8th, the Nikkei 225 stock average fell sharply, down 1,130.51 yen from the previous day to 65,269.33 yen. After an initial wave of selling, the market briefly rose into positive territory, mainly driven by artificial intelligence (AI) and semiconductor-related stocks, but it sank back into negative territory in the afternoon session.
Chip stocks are still holding up, but otherwise we are sitting on our hands, an analyst described Asian markets on Monday.
Chip stocks are still holding up, but otherwise we are sitting on our hands, an analyst described Asian markets on Monday.
On the morning of the 8th, the Tokyo stock market saw the Nikkei 225 average continue its upward trend, with gains exceeding 300 yen at one point. The firm demand for artificial intelligence (AI) fueled buying in semiconductor and related stocks. However, the rapid appreciation of the yen against the dollar led to selling in export-related stocks, causing the index to trade in negative territory in the morning…
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