Business · Markets · 3 hrs ago

Japan’s Nikkei expected to fall as US chip stocks slide

Japan’s Nikkei expected to fall as US chip stocks slide

Japan’s Nikkei 225 index was expected to fall on Oct.

13, when Tokyo markets reopened after a three-day holiday.

The forecast followed a decline in US artificial intelligence and semiconductor stocks on Oct.

12.

That weakness was expected to put pressure on related shares in Tokyo.

Higher oil prices, amid uncertainty over the Middle East, were another concern for Japanese stocks.

The Nikkei had closed at 69,030 yen before the holiday.

A level near 67,500 yen was seen as a possible low, about 1,500 yen below that close.

This was a market forecast, not a report of how the index ultimately performed.

Sources

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