Nikkei enters bear-market territory as the AI selloff spreads to Japan
📉 The Nikkei 225 fell as much as 7.1% to 56,745.81 on November 6, dropping more than 20% below its June peak and entering technical bear-market territory during trading.
🌐 The decline followed heavy US tech losses amid concerns that tighter data center oversight after the midterm elections could slow AI investment.
🏭 Rohm and Furukawa Electric each fell more than 10% at one point, showing how AI spending concerns are spreading to Japan’s chip and infrastructure suppliers.
📊 The broader Topix also dropped as much as 6.4%, indicating selling extended across the market, with AI-related stocks at the center.
🔎 The 20% drawdown marks a substantial correction, but does not establish that the AI cycle has ended. The outlook depends on actual US policy changes and suppliers’ ability to sustain orders and earnings.
#Nikkei225 $XRP
📉 The Nikkei 225 fell as much as 7.1% to 56,745.81 on November 6, dropping more than 20% below its June peak and entering technical bear-market territory during trading.
🌐 The decline followed heavy US tech losses amid concerns that tighter data center oversight after the midterm elections could slow AI investment.
🏭 Rohm and Furukawa Electric each fell more than 10% at one point, showing how AI spending concerns are spreading to Japan’s chip and infrastructure suppliers.
📊 The broader Topix also dropped as much as 6.4%, indicating selling extended across the market, with AI-related stocks at the center.
🔎 The 20% drawdown marks a substantial correction, but does not establish that the AI cycle has ended. The outlook depends on actual US policy changes and suppliers’ ability to sustain orders and earnings.
#Nikkei225 $XRP
