Nikkei Plunges More Than 2,500 Points in Thursday Morning Session
Japan's Nikkei stock average plunged more than 2,500 points at one stage during trading in Tokyo on October 15, as a sharp sell-off in semiconductor shares followed a surge in U.S. long-term interest rates and renewed concerns over the outlook for artificial intelligence investment. (News On Japan)
On October 15, Japan's Nikkei stock average experienced a significant drop of over 2,500 points during the morning trading session. This sharp decline was triggered by a surge in semiconductor share prices following a surprise increase in U.S. long-term interest rates and heightened concerns about the future of artificial intelligence investments.
The unsettling inflation data from the U.S. had temporarily fueled speculation that the Federal Reserve might raise interest rates soon, impacting borrowing costs and investment decisions. Semiconductor stocks took a significant hit on the New York market on October 14 as investors revised their outlook for AI investment in a higher-interest-rate scenario.
This selling pressure continued into Tokyo on October 15, with semiconductor-related shares witnessing a sharp sell-off immediately after the market opened, causing the Nikkei to plummet.
Written by urgent.news from News On Japan's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
