Japan Nikkei index 2.14% ↓… “Effect of decline in U.S. semiconductor stocks”

(Seoul = Yonhap News) Reporter Kim Byeong-gyu = Due to the influence of the decline in U.S. semiconductor stocks, the Nikkei 225 average stock price (Nikkei index) of the Tokyo Stock Exchange in Japan on the 13th recorded 67,551.35, down 2.14% (1,479.57) from the previous trading day's closing price as of 1:13 p.m.

The Nippon Keizai Shimbun (Nikkei) explained that AI and semiconductor-related stocks have led to a decline due to concerns about large investments in artificial intelligence (AI) infrastructure and intensifying competition with Chinese memory manufacturers.

On this day, which opened for the first time in four days after being closed for Sports Day the previous day, the Tokyo stock market showed a selling trend in AI and semiconductor stocks such as Advantest (5.38%↓) and Softbank Group (8.03%↓).

Nikkei explained that comments made by executives of U.S. semiconductor companies about large investments in AI infrastructure became negative news for the stock market.

Intel's CEO Lipboo Tan said at the DBS Asia Future Forward Conference held in Singapore on the 12th (local time), "If there is an urgent task ahead, it is capital and the rise in capital costs," and Broadcom CEO Hok Tan also said at the same event, "The biggest constraint may be capital."

Kyodo News explained, "Regarding the announcement by a Chinese memory semiconductor manufacturer that it has made great progress in the development of high-performance products, sell orders were issued across all high-tech stocks the day before due to concerns about price declines due to intensifying competition in the U.S. market, which also had an impact on the Tokyo stock market."

China's Changshin Memory (CXMT) announced that it has recently made new progress in DRAM memory technology and plans to introduce next-generation server products using this technology within this year.