Japanese Stocks Fall, AI Pressure Drags Nikkei Down from Record
Japanese stocks weakened on Thursday (June 4th), with the Nikkei 225 falling 1.36% to 67,470, while the Topix index fell 1.11% to 3,952. This decline occurred after the Japanese stock market had previously reached a record high, prompting investors to take profits amid global pressure.
The main pressure came from the weakening technology and artificial intelligence (AI) sectors. The Japanese stock market followed negative sentiment from global markets, particularly after the weak outlook from US chipmaker Broadcom raised concerns about the semiconductor sector.
In addition to technology factors, renewed tensions between the United States and Iran also added to market pressure. This lowered hopes for a peace deal and pushed energy prices higher, bringing concerns about inflation and the direction of interest rates back into investor focus.
Among major stocks, SoftBank Group plunged 11.3% due to its large exposure to AI-based investments. Other stocks that also weakened included Kioxia Holdings (down 1.5%), Fujikura (down 3.9%), Murata Manufacturing (down 5%), Taiyo Yuden (down 3.9%), and Furukawa Electric (down 3.8%). (asd)
Source: Newsmaker.id
