US Market Triggers Sell-Off in AI and Semiconductor Sectors
The downturn in Tokyo followed negative momentum from the United States market. The US Department of Labor released its Consumer Price Index (CPI) for September, showing an inflation increase that slightly exceeded market expectations. This sparked heightened caution regarding inflation and rising interest rates, prompting investors to sell off high-tech shares, including semiconductor stocks.
Reflecting those overseas trends, the Tokyo market saw early selling concentrated heavily in artificial intelligence (AI) and semiconductor-related issues.