Nikkei Average falls 6% weekly on semiconductor peak concerns and Middle East conflict

The Nikkei Average plunged 4.61% on the 17th, falling 4,416 points (6.4%) for the week. Peak concerns over semiconductor stocks, intensified US-Iran military conflict, and rising oil prices were a drag. Meanwhile, Berkshire Hathaway increased its holdings of Japanese trading company stocks, and Japanese individual investors' net short dollar position hit a record high.

Written by AI from the sources it cites; it can be wrong — follow any citation to confirm.

6 sources1 min read

Nikkei Average plunges 4.61%, approaching 64,000 on semiconductor peak concerns The weekly decline was 4,416 yen (6.4%), driven by caution over overheating in AI and semiconductor stocks, US-Iran conflict, and higher oil prices. Even TSMC's strong earnings led to a fall in its stock price, reinforcing peak concerns. 1 2 3 4

Berkshire acquires additional stakes in three Japanese trading companies Berkshire Hathaway, led by CEO Greg Abel, increased its holdings in Mitsubishi Corporation, Mitsui & Co., and Itochu Corporation in the second quarter, demonstrating a bullish stance on the Japanese market. 5

Japanese individual investors' net short dollar position hits record $17.2 billion The yen buying/dollar selling position against the dollar-yen expanded to $17.2 billion, the largest since 2008, driven by expectations of government/BOJ intervention and speculation about the end of the dollar's strength. 6